DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Alliance Financial Corporation (“Alliance”) (Nasdaq: ALNC) to NBT Bancorp for shareholders. Under the proposed sale, Alliance shareholders will receive 2.1779 shares of NBT common stock for each share of Alliance stock owned in a deal valued at $233.4 million. Based upon the previous closing, the transaction is valued at approximately $48.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Alliance sale investigation centers on whether Alliance shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Alliance stock, and whether Alliance’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that “because Alliance shareholders will only receive NBT common stock for their shares, we believe that the transaction may undervalue Alliance stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Source: Powers Taylor, LLP