NEW YORK, July 03, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Frederick County Bancorp, Inc. (“FCBI” or the “Company”) ( FCBI ) stock prior to July 2, 2019 .
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of FCBI to ACNB Corporation (“ACNB”) ( ACNB ). FCBI will be merged with and into an ACNB acquisition subsidiary. Under the terms of the deal, FCBI shareholders will receive 0.9900 share of ACNB common stock for each share of FCBI common stock that they own as of the closing date. To learn more about the action and your rights, go to :
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500. There is no cost or obligation to you .
The FCBI merger investigation concerns whether the Board of FCBI breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether ACNB is underpaying for FCBI shares, thus unlawfully harming FCBI shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders . For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171