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Kendall Law Group Investigates The Wilber Corporation Acquisition for Shareholders

^{Published on 2010-10-25 09:20:26 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating The Wilber Corporation (AMEX: GIW) for shareholders in connection with the proposed acquisition by Community Bank System, Inc. The national securities litigation firm is investigating whether a fair process was used prior to entering into the merger agreement and whether the Board of Directors breached their fiduciary duties by not seeking a deal that would provide better value of the Company. If you are a Wilber Corporation shareholder and would like additional information about your rights, you are urged to contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On October 25, 2010, the companies announced the definitive merger agreement under which The Wilber Corporation would be acquired by Community Bank System in a transaction valued at approximately $100 million. Under the terms of the agreement, Wilber Corporation stockholders will receive a set price of $9.50 in cash and stock for each share of Wilber Corporation/GIW common stock held. The firm believes the transaction may be undervaluing the company.

Kendall Law Group, founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States.