Shareholder Alert: Wisconsin law firm Ademi LLP investigates whether County Bancorp, Inc. has obtained a Fair Price in its transaction with Nicolet Bankshares

MILWAUKEE, June 22, 2021 /PRNewswire/ -- Ademi LLP is investigating County (NASDAQ: ICBK) for possible breaches of fiduciary duty and other violations of law in its transaction with Nicolet.

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

Ademi LLP alleges County's financial outlook is excellent and yet County shareholders will receive only either cash of $37.18 per share of County common stock or 0.48 shares of Nicolet common stock and County shareholder elections will be prorated to ensure the total consideration will consist of approximately 20% cash and approximately 80% Nicolet common stock. Based on Nicolet's closing price of $71.75 as of June 21, 2021, the merger consideration is valued at approximately $219 million. The merger agreement unreasonably limits competing bids for County by prohibiting solicitation of further bids, and imposing a termination penalty if County accepts a superior bid. County insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of County's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for County.

If you own County common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/county-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