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PTRS.US
id: 706

Partners Bancorp (PTRS) M&A Case

On February 22, 2023, LINKBANCORP, Inc. (NASDAQ: LNKB), and Partners Bancorp (NASDAQ: PTRS), The Bank of Delmarva and Virginia Partners Bank, announced that they entered into a definitive agreement under which the companies will combine in an all-stock combination, valued at approximately $167.8 million.

Under the terms of the agreement, $PTRS shareholders are expected to receive 1.15 shares of LINKBANCORP stock per share they own.

Investors of $PTRS may have reasons to suspect that the pricing terms of the M&A transaction are unfair and that the Company BoD breached fiduciary duties to shareholders.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Malpractice
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Investment Bank
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
22 February 2023
Collecting participants…

Partners Bancorp

Partners Bancorp operates as the holding company for the Bank of Delmarva that provides financial services to individual and corporate customers in the United States. It offers business and persona...

    Ticker
    PTRS.US
    ISIN
    US70213Q1085
    CIK
    832090
    Sector
    Financial Services
    Industry
    Banks - Regional
    Country
    USA
    Address
    2245 Northwood Drive, Salisbury, MD, United States, 21801