BALA CYNWYD, Pa., Jan. 14, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Anchor Bancorp Wisconsin Inc ("Anchor" or "the Company") (Nasdaq- ABCW-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Old National Bancorp. ("ONB").
Click here to learn more about the investigation http://brodsky-smith.com/1021-abcw-anchor-bancorp-wisconsin-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Anchor shareholders will receive either only $48.50 in cash or 3.5505 shares of ONB for each share of Anchor stock they own. The investigation concerns whether the Board of Anchor breached their fiduciary duties to shareholders and whether ONB is underpaying for the Company. The transaction may undervalue Anchor as it below the premium paid in similar transactions, represents only a very slight premium above Anchor's stock 52 week high, and is below an analyst price target for Anchor stock. Further, the Company has had over two years of profitable results and has recently reduced their allowance for loan loss this quarter due to loan quality improvement.
If you own shares of Anchor and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1021-abcw-anchor-bancorp-wisconsin-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC