NEW YORK, July 27, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of West Suburban Bancorp, Inc. (Other OTC: WNRP) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Old Second Bancorp, Inc. (NASDAQ: OSBC).
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On July 26, 2021, West Suburban announced that it had entered into an agreement to merge with Old Second in a deal valued at $297 million. Pursuant to the merger agreement, West Suburban stockholders will receive 42.413 shares of Old Second common stock and $271.15 in cash for each share of West Suburban common stock owned. The deal is scheduled to close in the fourth quarter of 2021.
Bragar Eagel & Squire is concerned that West Suburban’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for West Suburban’s stockholders.
If you own shares of West Suburban and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at firstname.lastname@example.org or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.