Faruqi & Faruqi, LLP Announces the Investigation of Baylake Corp. (BYLK) Over the Proposed Sale of the Company to Nicolet Bankshares, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Baylake Corp. (“Baylake” or the “Company”) (NASDAQ: BYLK) for potential breaches of fiduciary duties in connection with the sale of the Company to Nicolet Bankshares, Inc. for approximately $141 million.
The Company’s stockholders will only receive 0.4517 shares of Nicolet common stock for each share of Baylake common stock held plus a cash dividend of $0.40 per share, or approximately $15.36. However, the offer has virtually no premium according to at least one analyst target price of $15.00 per share.
If you own common stock in Baylake and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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