The Law Offices of Vincent Wong are investigating the Board of Directors of Bay Bancorp, Inc. (NASDAQ: BYBK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Old Line Bancshares, Inc. (NASDAQ:OLBK). Under the terms of the deal, Bay Bancorp shareholders will receive a number of Old Line shares calculated by dividing $11.80 by the volume weighted average closing prices of Old Line common stock for the 20 trading days ending five trading days before the closing date of the Merger. Due to certain terms of the agreement, the Per Share Consideration may be as low as 0.4047 OLB Shares and as high as 0.4600 OLB Shares.
The investigation concerns whether the Bay Bancorp Board of Directors breached their fiduciary duties to Bay Bancorp stockholders by failing to adequately shop the Company before entering into this transaction and whether Old Line is underpaying for Rice Energy shares, thus unlawfully harming Bay Bancorp stockholders.
If you own common stock in Bay Bancorp and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/BYBK-Info-Request-Form-1710.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.