Annapolis Bancorp Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to FNB Co
Annapolis Bancorp Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to FNB Corp.
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Annapolis Bancorp, Inc. ("Annapolis") (NasdaqCM: ANNB) to FNB Corp. for shareholders. Under the proposed sale, Annapolis shareholders will receive 1.143 shares FNB common stock for each share of Annapolis stock owned in a deal valued at $49 million. Based upon Monday's closing, the transaction values ANNB stock at approximately $12.21 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Annapolis sale investigation centers on whether Annapolis shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Annapolis stock, and whether Annapolis's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that "because Annapolis shareholders will only receive FNB common stock for their shares, we believe that the transaction may undervalue Annapolis stock. Our lawsuit will seek to obtain the highest share price for all shareholders."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
KEYWORDS: United States North America Texas
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