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.
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SOURCE Brodsky & Smith, LLC