Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Baylake Corp (NASDAQ: BYLK) acted responsibly on behalf of investors’ profitability in the planned $141 million sale to Nicolet Bankshares Inc (OTC: NCBS).
On September 8, 2015, Baylake Corp (NASDAQ: BYLK) and Nicolet Bankshares Inc (OTC: NCBS) announced that they had entered into a merger agreement. Baylake stockholders will receive 0.4517 shares of Nicolet common stock for each share of Baylake common stock held plus a cash dividend of $0.40 per share, placing the value of each share of Baylake at approximately $15.36.
Based in Sturgeon Bay, WI, and founded in 1876 Baylake Corp is a bank holding company for Baylake Bank that offers banking services to small businesses and individuals in Wisconsin.
The investigation focuses on whether NASDAQ: BYLK investors received the highest price and whether the directors of Baylake Corp acted in the best interest of Baylake Corp company and its shareholders.
If you purchased Baylake Corp (NASDAQ: BYLK) prior to September 8, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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