Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Rome Bancorp, Inc.
06 November 2010 - 2:01PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Rome Bancorp, Inc. (NASDAQ: ROME - News) (referred
to as "Rome" or the “Company”) by Berkshire Hills Bancorp, Inc.
("Berkshire") in a cash transaction valued at approximately $74
million.
Under the terms of the merger agreement, 70% of the outstanding
Rome shares will be exchanged for Berkshire shares at a fixed
exchange ratio of 0.5658 Berkshire shares for each share of Rome
and the remaining 30% of outstanding shares of Rome will be
exchanged for $11.25 in cash. Rome stockholders will have the right
to elect to receive cash or Berkshire common stock, subject to 70%
of Rome common stock receiving Berkshire common stock and the
proration procedures contained in the merger agreement.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Rome stock and want to discuss your legal
rights, you may e-mail or call Bull & Lifshitz, LLP who will,
without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Rome and would like more information
about our investigation, please contact Joshua M. Lifshitz, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to Rome.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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