MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Village (NASDAQCM: VBFC) for possible breaches of fiduciary duty and other violations of law in its transaction with TowneBank.
Click here to learn how to join our investigation, or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Village shareholders will receive only $80.25 per share in cash for each share of Village outstanding common stock. This corresponds to an aggregate transaction value of approximately $120.0 million, based on Village common stock currently outstanding.
The transaction agreement unreasonably limits competing transactions for Village by imposing a significant penalty if Village accepts a competing bid. Village insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Village’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Village common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/village-bank-and-trust-financial-corp.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
