Ryan & Maniskas, LLP Announces Investigation of Wilmington Trust Corporation
November 02 2010 - 10:15AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/wl) is
investigating potential claims against the board of directors of
Wilmington Trust Corporation ("Wilmington Trust" or the "Company")
(NYSE: WL) concerning possible breaches of fiduciary duty and other
violations of law related to the Company’s efforts to sell
Wilmington Trust to M&T Bank Corporation in a transaction with
a value of approximately $351 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Wilmington Trust. For more information regarding
our investigation, please contact Ryan & Maniskas, LLP (Richard
A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/wl.
Under the terms of the merger agreement, Wilmington Trust
shareholders will receive 0.051372 shares of M&T Bank
Corporation common stock in exchange for each share they own of the
Company’s common stock.
If you own shares of Wilmington Trust and would like to learn
more about these claims or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218,
or to sign up online, visit: www.rmclasslaw.com/cases/wl. You may
also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more
information about class action cases in general, please visit our
website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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