WASHINGTON--(BUSINESS WIRE)-- The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Alliance Financial Corp. (“Alliance” or the “Company”) (NASDAQ: ALNC), concerning the proposed acquisition of the Company by NBT Bankcorp, Inc. (NASDAQ: NBTB). Under the terms of the transaction, Alliance shareholders would receive 2.1779 shares of NBT common stock for each share of Alliance common stock they own. The current value of the per-share consideration is approximately $46.50, and the total value of the transaction is approximately $233.4 million. At least one analyst has set a target price of $50.00 for the Company’s shares.
The investigation is focused on the potential unfairness of the consideration to Alliance shareholders, the process by which the Company’s Board of Directors considered the transaction, and potential conflicts of interests among Alliance Board members.
If you are interested in discussing your rights as an Alliance shareholder, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC offices at (202)-337-8000 or by email at firstname.lastname@example.org.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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Finkelstein Thompson LLP
Rosalee Thomas, 202-337-8000
Source: Finkelstein Thompson LLP