Corporate building of PB Bankshares, indicating the proposed sale.
Kahn Swick & Foti, LLC is investigating the proposed sale of PB Bankshares, Inc. to Norwood Financial Corp to evaluate the adequacy of the transaction price and the process. Shareholders are given options for compensation, but concerns arise about potential undervaluation. The firm encourages affected shareholders to discuss their rights and options regarding the deal.
NEW ORLEANS – An investigation is underway concerning the proposed sale of PB Bankshares, Inc. to Norwood Financial Corp, as initiated by Kahn Swick & Foti, LLC, a law firm led by former Louisiana Attorney General Charles C. Foti, Jr. The investigation seeks to assess both the adequacy of the transaction price and the process that led to the proposed transaction, specifically focusing on whether PB Bankshares is being undervalued in the deal.
The structure of the proposed transaction enables shareholders of PB Bankshares to choose from two options for compensation: they can either receive 0.7850 shares of Norwood common stock or opt for $19.75 in cash for each share of PB Bankshares they hold. However, it is important to note that this cash and stock option is subject to proration; 80% of the overall transaction consideration is expected to be paid in stock, ensuring that only a fraction will be compensated in cash. This stipulation may impact the shareholder’s decision during the transaction process.
Kahn Swick & Foti’s investigation aims to determine if the offered price adequately reflects the value of PB Bankshares and if the process leading to the sale was conducted properly. Shareholders who feel that their interests may not be fully represented in the transaction or who have concerns about the potential undervaluation of the company are encouraged to reach out to KSF’s Managing Partner, Lewis S. Kahn, for further discussion about their legal rights related to the sale.
Shareholders interested in participating in the investigation or discussing their legal options can contact Lewis S. Kahn directly through email at lewis.kahn@ksfcounsel.com or call toll-free at 855-768-1857. These channels open a line for dialogue regarding the implications of the transaction and potential steps moving forward.
Kahn Swick & Foti, LLC is recognized for its legal prowess in corporate investigations, particularly in matters of shareholder rights. The firm’s partnership, including former Louisiana Attorney General Charles C. Foti, emphasizes its commitment to advocating for shareholders and ensuring fair business practices. The firm is headquartered at 1100 Poydras St., Suite 960, New Orleans, LA 70163.
The proposed acquisition of PB Bankshares by Norwood Financial Corp is viewed significantly within the financial community. The transaction’s strategy to allow shareholders a choice between stock and cash compensation reflects current market practices but raises questions about the long-term implications for shareholder value. By exploring the details surrounding this sale, Kahn Swick & Foti aims to assist PB Bankshares shareholders in making informed decisions regarding their investments.
Kahn Swick & Foti, LLC maintains an active presence across several social media platforms, including Facebook, Instagram, YouTube, TikTok, and LinkedIn. This presence allows them to communicate effectively with a broader audience about ongoing investigations and legal matters of public interest.
The investigation into the sale of PB Bankshares to Norwood Financial is an ongoing situation that highlights the importance of transparency and fairness in corporate transactions. As further developments occur, stakeholders remain encouraged to stay informed and engage with legal counsel regarding their positions.
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