NEW YORK, July 24, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Bank Mutual
Corporation ("BKMU" or the "Company") (NASDAQ: BKMU) in connection
with the proposed acquisition of the Company by Associated
Banc-Corp ("ASB") (NYSE: ASB). Under the terms of the
acquisition agreement, the Company's shareholders will receive
0.422 of a share of ASB for each BKMU share they own, representing
consideration of $9.85 based on ASB's
July 21 closing
price.
WeissLaw is investigating whether BKMU's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, prior to the acquisition announcement, at least one
analyst set a target price of $11.00
per share. Additionally, BKMU shares traded at $10.20 as recently as February of this
year.
Moreover, according to the acquisition announcement, "[a]s a
result of this transaction, [ASB] will strengthen its Wisconsin network and expand services into
nearly a dozen additional communities."
Given these facts, WeissLaw is investigating whether BKMU's
shareholders will obtain their fair and proportionate share of the
Company's continued success and future growth prospects. If
you own BKMU shares and would like more information about your
rights or our investigation, or if you have information to share
with us, please contact Joshua
Rubin by telephone at (888) 593-4771 or by
email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/bank-mutual-corporation/
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SOURCE WeissLaw LLP
