Cases
Access National Corporation (ANCX)
Merger
Overview
Overview
- Date:
- 10/5/2018
- Company Name:
- Access National Corporation
- Stock Symbol:
- ANCX
- Company Name - Buyer:
- Union Bankshares Corporation
- Status:
- Closed/Complete
- Merger Announcement Date:
- 10/5/2018
NEW YORK, October 5, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Access National Corporation (NASDAQ: ANCX) on behalf of stockholders concerning the proposed acquisition of the company by Union Bankshares Corporation.
Pursuant to the proposed transaction, announced on October 5, 2018, Select Income stockholders will receive 0.75 shares of Union Bankshares for each share of Access National common stock owned. The investigation focuses on whether Access National and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Access National shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on October 5, 2018, Select Income stockholders will receive 0.75 shares of Union Bankshares for each share of Access National common stock owned. The investigation focuses on whether Access National and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Access National shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.