An investigation on behalf of investors of Bay Bancorp Inc (NASDAQ:BYBK) in connection with the proposed takeover was announced and NASDAQ:BYBK stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/04/2017 -- An investigation was announced for investors, who currently hold NASDAQ:BYBK shares, concerning whether the takeover of Bay Bancorp Inc. by Old Line Bancshares, Inc is unfair to NASDAQ:BYBK stockholders.
Investors who purchased shares of Bay Bancorp Inc (NASDAQ:BYBK) and currently hold any of those NASDAQ:BYBK shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Bay Bancorp Inc breached their fiduciary duties owed to NASDAQ:BYBK investors in connection with the proposed acquisition.
On September 27, 2017, Old Line Bancshares, Inc. (NASDAQ Capital Market: OLBK), the parent company of Old Line Bank, and Bay Bancorp, Inc. (NASDAQ Capital Market: BYBK), the parent company of Bay Bank, FSB announced the execution of a definitive merger agreement (the "Merger Agreement") that provides for the acquisition of Bay Bancorp by Old Line Bancshares for stock in a deal valued at approximately $128.6 million.
However, the investigation concerns whether the offer is unfair to NASDAQ:BYBK stockholders. More specifically, the investigation concerns whether the Bay Bancorp Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Columbia MD based Bay Bancorp, Inc., formerly Carrollton Bancorp, is a savings and loan holding company. The Company operates through its subsidiary, Bay Bank, FSB (the Bank).
Those who are current investors in Bay Bancorp Inc (NASDAQ:BYBK) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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