Shareholder Alert: Wisconsin Law Firm Ademi & O’Reilly, LLP Investigates whether Bank Mutual Corp. has obtained a Fair Pric...
July 21 2017 - 9:11AM
Business Wire
Ademi & O’Reilly, LLP is investigating the Board of
Directors of Bank Mutual Corporation (Nasdaq: BKMU) for possible
breaches of fiduciary duty and other violations of Wisconsin law in
connection with the sale of Bank Mutual to Associated.
Click here to learn how to join the action:
http://ademilaw.com/case/bank-mutual or call Guri Ademi toll-free
at 866-264-3995. There is no cost or obligation to you.
Ademi & O’Reilly, LLP alleges Bank Mutual’s long-term
financial outlook is improving and yet Bank Mutual shareholders
will receive the equivalent of $10.38 per Bank Mutual common share
or approximately $482 million in the aggregate. Associated is well
aware of Bank Mutual’s improving financial metrics and is
purchasing Bank Mutual at a substantial discount. The merger
agreement unreasonably limits competing bids for Bank Mutual by (i)
prohibiting solicitation of any further bids, and (ii) imposing a
termination penalty should Bank Mutual receive and accept a
superior bid. Bank Mutual insiders, their affiliates and other
major shareholders own significant voting stock, and will receive
millions of dollars as part of change of control arrangements, and
therefore can unduly influence a sale of Bank Mutual. Our
investigation centers on the conduct of Bank Mutual’s Board of
Directors, who have unanimously approved the transaction, and
whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for
Bank Mutual given its current financial condition and
prospects.
If you own common stock in Bank Mutual and wish to obtain
additional information, please contact Guri Ademi either at
gademi@ademilaw.com or toll-free: 866-264-3995, or
http://ademilaw.com/case/bank-mutual.
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.
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Ademi & O’Reilly, LLPGuri AdemiToll Free: (866) 264-3995Fax:
(414) 482-8001
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