Anchor BanCorp Wisconsin Inc (DE) (NASDAQ:ABCW) Shareholder Alert: Investigation over Buyout
An investigation on behalf of investors of Anchor BanCorp Wisconsin Inc (DE) (NASDAQ:ABCW) in connection with the proposed takeover was announced and NASDAQ:ABCW stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 02/03/2016 --An investigation for shareholders in Anchor BanCorp Wisconsin Inc (DE) (NASDAQ:ABCW), was announced concerning the takeover of Anchor BanCorp Wisconsin Inc.
On January 12, 2016 Old National Bancorp and Anchor BanCorp Wisconsin Inc. (NASDAQ:ABCW) jointly announced the execution of an agreement under which Old National will acquire Anchor through a stock and cash merger.
Investors who purchased shares of Anchor BanCorp Wisconsin Inc (DE) (NASDAQ:ABCW) and currently hold any of those NASDAQ:ABCW shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain directors of Anchor BanCorp Wisconsin Inc breached their fiduciary duties owed to NASDAQ:ABCW investors in connection with the proposed acquisition.
Under the terms of the agreement, Anchor BanCorp Wisconsin Inc (DE) (NASDAQ:ABCW) shareholders may elect to receive either 3.5505 shares of Old National common stock or $48.50 in cash for each share of Anchor BanCorp Wisconsin Inc (DE) (NASDAQ:ABCW) they hold, subject to no more than 40% of the outstanding shares of Anchor may receive cash.
However, the investigation concerns whether the offer is unfair to NASDAQ:ABCW stockholders. More specifically, the investigation concerns whether the Anchor BanCorp Wisconsin 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.
On February 1, 2016, NASDAQ:ABCW shares closed at $42.55 per share.
Those who are current investors in Anchor BanCorp Wisconsin Inc (DE) (NASDAQ:ABCW) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/662023