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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Wilmington Trust Corporation in Connection

^{Published on 2010-11-02 03:20:57 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Wilmington Trust Corporation (aWilmington Trusta) (NYSE:WL) related to the proposed merger of Wilmington Trust with M&T Bank Corporation (aM&Ta). The stock-for-stock transaction is valued at approximately $351 million.

Under the terms of the definitive merger agreement entered into by the parties, Wilmington Trust shareholders will receive 0.051372 shares of M&T common stock in exchange for each share they own of the Companya™s common stock. Based on M&Ta™s closing stock price on October 29, 2010, Wilmington Trust shareholders would receive a value of $3.84 per Wilmington Trust share. The transaction is expected to close by mid-year 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Wilmington Trusta™s board of directors.

If you own shares of Wilmington Trust, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].