Shareholder Alert: Ademi LLP investigates whether Evans Bancorp, Inc. has obtained a Fair Price for its Public Shareholders

MILWAUKEE, Sept. 9, 2024 /PRNewswire/ — Ademi LLP is investigating Evans (NYSE American: EVBN) for possible breaches of fiduciary duty and other violations of law in its transaction with NBT Bancorp.

Click here to learn how to join our investigation https://www.ademilaw.com/case/evans-bancorp-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, Evans stockholders will receive 0.91 NBT shares for each share of Evans, resulting in an aggregate transaction value of approximately $236 million based on NBT’s closing stock price of $46.28 on September 6, 2024.

The transaction agreement unreasonably limits competing transactions for Evans by imposing a significant penalty if Evans accepts a competing bid. Evans insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Evans’ board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Evans common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/evans-bancorp-inc.                        

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                   
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP