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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Your Community Bankshares Inc (NASDAQ: YCB) acted responsibly on behalf of investors’ profitability in the planned $221.0 million sale to WesBanco Inc (NASDAQ: WSBC).
On May 3, 2016, Your Community Bankshares Inc (NASDAQ: YCB) and WesBanco Inc (NASDAQ: WSBC) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Your Community shareholders will receive 0.964 of a share of WesBanco common stock and $7.70 in cash for each share of Your Community stock they own, representing a value of approximately $39.05 per share.
Based in New Albany, Indiana, and founded in 1890 Your Community Bankshares Inc provides business and personal banking services in Indiana and Kentucky.
The investigation focuses on whether NASDAQ: YCB investors received the highest price and whether the directors of Your Community Bankshares Inc acted in the best interest of Your Community Bankshares Inc company and its shareholders.
If you purchased Your Community Bankshares Inc (NASDAQ: YCB) prior to May 3, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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