BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Village Bank and Trust Financial Corp. (Nasdaq - VBFC), Smartsheet Inc. (NYSE - SMAR), Northway Financial, Inc. (OTCQB - NWYF), Evans Bancorp, Inc. (NYSE American - EVBN)
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Investigations Announced: Brodsky & Smith is conducting investigations into several companies, including Village Bank and Trust Financial Corp., Smartsheet Inc., Northway Financial, Inc., and Evans Bancorp, Inc., regarding potential breaches of fiduciary duties by their boards during acquisition processes.
Acquisition Details: Each company is involved in significant acquisition deals, with Village Bank being acquired for $80.25 per share, Smartsheet for $56.50 per share, Northway for approximately $31.46 per share, and Evans Bancorp through a share exchange ratio, raising concerns about whether these offers provide fair value to shareholders.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
