|Company name||Kinderhook Bank Corp.|
NEW YORK, January 24, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Kinderhook Bank Corp. (Other OTC: NUBK) on behalf of stockholders concerning the proposed acquisition of the company by Community Bank System, Inc. (NYSE: CBU).
Pursuant to the proposed transaction, announced on January 22, 2019 and valued at $93.4 million, Kinderhook stockholders will receive $62.00 in cash for each share of Kinderhook common stock owned. The investigation focuses on whether Kinderhook 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 Kinderhook 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.