NEW YORK, Sept. 11, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Baylake Corp. ("Baylake" or the "Company") (NASDAQ: BYLK) concerning the proposed acquisition of the Company by Nicolet Bankshares, Inc. ("Nicolet").
Under the terms of the offer, the Nicolet would acquire Baylake in a transaction valued at approximately $141 million. Pursuant to the deal, Baylake stockholders would receive 0.4517 shares of Nicolet common stock and a $0.40 dividend per Baylake share owned, total consideration of approximately $15.42 per share.
Our investigation concerns whether the Baylake board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Baylake shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
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