NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of FSB Bancorp, Inc. (NASDAQ: FSBC) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed sale to Evans Bancorp, Inc.
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On December 19, 2019, FSB announced that it had signed an agreement to merge with Evans Bancorp for about $34.7 million. Per the merger agreement, FSB stockholders will receive $17.80 in cash for each share of FSB common stock owned. The deal is scheduled to close in the second quarter of 2020.
Bragar Eagel & Squire is concerned that FSB’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for FSB stockholders.
If you own shares of FSB and are concerned about the proposed merger, or you’re interested in learning more about the investigation or your legal rights and remedies, please contact Brandon Walker or Alexandra Raymond by email at firstname.lastname@example.org or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.