WeissLaw LLP investigates Elmira Savings Bank
NEW YORK, October 4, 2021 / PRNewswire / – WeissLaw LLP investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Elmira Savings Bank (“Elmira Savings” or the “Company”) (NASDAQ: ESBK) in connection with the proposed acquisition of the Company by Community Bank System, Inc. (“Community Bank”) (NYSE: CBU). Under the terms of the Merger Agreement, the shareholders of the Company will receive $ 23.10 per share in cash for each common share of Elmira Savings they hold. The transaction is valued at approximately $ 82.8 million.
If you have Elmira Savings shares and would like to discuss this survey or if you have any questions regarding this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7h Ground
new York, NY 10007
WeissLaw LLP is considering whether (i) the board of directors of Elmira Savings acted in the best interests of the shareholders of the Company in accepting the proposed transaction, (ii) the $ 23.10 the merger consideration per share adequately remunerates the shareholders of Elmira Savings, and (iii) all information regarding the sale process and the valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of class and derivative shareholder actions for breach of corporate and fiduciary obligations. We have recovered over $ 1 billion for defrauded clients and obtained significant corporate governance relief in many of these cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud or misleading information), a consumer fraud (including false advertising, defective products, or other deceptive marketing practices), or violations of antitrust laws, please email us at [email protected]
SOURCE WeissLaw LLP