19:30 ET Shareholder Alert: The Ademi Firm investigates whether LINKBANCORP, Inc. is obtaining a Fair Price for its Public Shareholders
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The Ademi Firm is investigating LINKBANCORP (Nasdaq: LNKB) for potential breaches of fiduciary duty in its transaction with Burke & Herbert. LINKBANCORP shareholders will receive 0.1350 shares of Burke & Herbert stock per share owned, equating to about $9.38 per share. The deal limits competing offers for LINKBANCORP, raising concerns about the board's fiduciary duties. LINKBANCORP insiders are set to receive substantial benefits from change of control arrangements.
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