Old Second Bancorp, Inc. (NASDAQ: OSBC)
concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with West Suburban Bancorp, Inc. Under the terms of the merger agreement, West Suburban shareholders will receive 42.413 shares of Old Second common stock and $271.15 in cash for each share of West Suburban common stock.
If you are an Old Second shareholder,
.
Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
Shareholders are encouraged to contact the firm
free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected].
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Old Second National Bank and West Suburban Bank plan to merge Aurora-based Old Second Bancorp Inc., parent company of Old Second National Bank, plans to merge with Lombard-based West Suburban Bancorp Inc. in a cash-and-stock deal valued at $297 million. DAILY HERALD FILE PHOTO
Old Second National Bank and West Suburban Bank announced plans Monday to merge.
Aurora-based Old Second Bancorp Inc. is to acquire Lombard-based West Suburban Bancorp Inc. in a cash-and-stock deal valued at $297 million. The board of directors of both parent companies unanimously agreed to the merger agreement.
In a 32-minute conference call Monday, Old Second Bancorp President and CEO James Eccher said West Suburban Bank President Keith Acker and two other West Suburban directors would join the Old Second board of directors.
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