Business & Finance
Business and Finance
Business and Finance
Tue, November 2, 2010 The Briscoe Law Firm Investigates Wilmington Trust Corporation for Shareholders Concerning the Acquisition by M&T Bank Corporat
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Wilmington Trust Corporation (aCompanya or aWLa) (NYSE: WL) related to the proposed acquisition of the Company by M&T Bank Corporation.
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. This investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of WL for approving this transaction and whether WLa™s Board of Directors acted in the shareholdersa™ best interests.
If you currently own shares of WL and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm 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.
