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Kendall Law Group Investigates Wilmington Trust Corporation Acquisition for Shareholders


Published on 2010-11-01 08:40:17 - Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], a national securities firm led by a former federal judge, is investigating Wilmington Trust Corporation (NYSE: WL) for shareholders in connection with the proposed acquisition by M&T Bank Corporation. The firm is investigating whether Wilmington Trust properly shopped the Company prior to entering into the agreement. This possible breach of fiduciary duty may have kept the Company from reaching a deal that would provide better value of the Company. If you are a Wilmington Trust shareholder and would like additional information about your rights, you are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On November 1, 2010, the companies announced the definitive merger agreement under which Wilmington Trust would be acquired by M&T in a transaction valued at approximately $351 million. Under the terms of the agreement, Wilmington Trust stockholders will receive 0.051372 shares of M&T common stock for each share of Wilmington Trust/WL common stock held, about half Wilmington Trusta�s Oct. 29 market value. Based on historical stock prices, the firm believes the transaction significantly undervalues the company.

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

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