Le Lézard
Classified in: Business
Subject: ATY

Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Old Line Bancshares, Inc. has obtained a Fair Price in its sale to WesBanco, Inc.


MILWAUKEE, July 23, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Old Line (Nasdaq: OLBK) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Old Line to WesBanco.

Click here to learn how to join the action: http://ademilaw.com/case/old-line or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges Old Line's financial outlook is improving and yet shareholders will receive the equivalent of only $29.22 per share for each share of Old Line common stock they own. WesBanco is acquiring Old Line at a substantial discount. The merger agreement unreasonably limits competing bids for Old Line by prohibiting solicitation of further bids, and imposing a termination penalty if Old Line accepts a superior bid. Old Line insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of Old Line's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Old Line.

If you own common stock in Old Line and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/old-line.

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.

Contacts

Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi & O'Reilly, LLP


These press releases may also interest you

at 12:30
International Petroleum Corporation (IPC or the Corporation) reports the following, in accordance with the Swedish Financial Instruments Trading Act: Following the cancellation of 445,000 common shares repurchased by IPC under the normal course...

at 12:29
Consolidated Credit wants consumers to spring forward into a new season of learning. The focus is on improving fiscal futures through education, saving strategies, and building stability.  ...

at 12:20
Coco Pool Corp. (CCPC.P: TSX-V) (the "Company"), a capital pool company, announces that, effective March 27, 2024, Mark S. Kowalski has resigned as CFO of the Company, and the Company has appointed Sebastien Charles, an existing director and...

at 12:15
Linc Housing announced that construction is underway on North Harbor...

at 12:05
T-Mobile US, Inc. looks forward to discussing first quarter 2024 financial and operational results on Thursday, April 25, 2024, at 4:30 p.m. Eastern Time (EDT). The call will be accessible via dial-in with pre-registration as well as a webcast link...

at 12:05
Float, the marketplace moving all the care that doesn't need a hospital to the home, today announced $10 million in Series A funding led by Canvas Ventures, whose General Partner Mike Ghaffary has joined Float's board, with participation from Wave...



News published on and distributed by: