Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Wilmington Trust Corporation - WL
November 03 2010 - 4:49PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Wilmington Trust Corporation (“Wilmington” or the
“Company”) (NYSE: WL) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
M&T Bank Corporation. The proposed transaction offers
Wilmington shareholders to only receive $3.84 per share in stock.
According Yahoo! Finance, at least one financial analyst values
Wilmington’s common stock at $13.00 per share.
Request more information now by clicking here:
www.faruqilaw.com/wilmington
Whether the Wilmington’s Board of Directors breached their
fiduciary duties to Wilmington’s stockholders by failing to conduct
an adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues Wilmington’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
Wilmington shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Wilmington and wish to obtain
additional information, please visit us at
www.faruqilaw.com/wilmington or contact Juan E. Monteverde, Esq.
either via e-mail at jmonteverde@faruqilaw.com or by telephone at
(877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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