Core Viewpoint - LINKBANCORP is under investigation for potential breaches of fiduciary duty related to its transaction with Burke & Herbert, which may not be in the best interest of its shareholders [1][3]. Transaction Details - LINKBANCORP shareholders will receive 0.1350 shares of Burke & Herbert common stock for each LINKBANCORP share owned, equating to approximately $9.38 per share [2]. - Post-transaction, Burke & Herbert shareholders will own about 75% of the combined company, while LINKBANCORP shareholders will hold 25% [2]. Board Conduct - The transaction agreement imposes significant penalties on LINKBANCORP for accepting competing bids, raising concerns about the board's fulfillment of fiduciary duties to all shareholders [3].
Shareholder Alert: The Ademi Firm investigates whether LINKBANCORP, Inc. is obtaining a Fair Price for its Public Shareholders