NEW YORK , March 11, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Bryn Mawr Bank Corporation ("Bryn Mawr" or the "Company") (NASDAQ: BMTC) in connection with the proposed acquisition of the Company by WSFS Financial Corporation ("WSFS") (NASDAQ: WSFS). Under the terms of the merger agreement, Bryn Mawr shareholders will receive 0.90 shares of WSFS common stock for each Bryn Mawr share that they own, representing an implied per-share value of $48.55 for Bryn Mawr stockholders based on the $53.94 closing price of WSFS stock on March 9 , 2021. The proposed transaction is valued at approximately $976.4 million .
If you own Bryn Mawr shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
http://www.weisslawllp.com/BMTC/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16 th Floor
New York , NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw LLP is investigating whether (i) Bryn Mawr's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the merger consideration adequately compensates Bryn Mawr's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP
