WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Severn Bancorp, Inc.
(NASDAQ: SVBI) in connection with the proposed acquisition of the company by Shore Bancshares, Inc. ( Shore ). Under the terms of the merger agreement, Shore will acquire SVBI in a mixed cash-and-stock transaction, pursuant to which SVBI shareholders will receive $1.59 in cash and 0.6207 of a Shore common stock for each SVBI share that they own, representing implied per-share merger consideration of approximately $12.15 based upon Shore s March 31, 2021 closing price of $17.02. If you own SVBI shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslawllp.com/svbi/
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ALERT: Halper Sadeh LLP Investigates the Following Mergers - FFG, SVBI, MX, ALXN, CATM, MDCA; Shareholders Are Encouraged to Contact the Firm
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