NEW YORK, Sept. 11, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of WSB Holdings,
Inc. ("WSB" or the "Company") (Nasdaq: WSB) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to Old Line Bancshares, Inc. ("Old
Line") (Nasdaq: OLBK).
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Click here to learn more about the investigation:
http://zlk.9nl.com/wsb, or call: 877-363-5972. There is no
cost or obligation to you.
Under the terms of the transaction, WSB shareholders will
receive approximately $6.12 per share
in cash and stock. The transaction has a total approximate value of
$49 million. The investigation
concerns whether the WSB Board of Directors breached their
fiduciary duties to WSB stockholders by failing to adequately shop
the Company before entering into this transaction and whether Old
Line is underpaying for WSB shares, thus unlawfully harming WSB
stockholders. In particular, the Company has reported a book value
of $6.90 per share, for the most
recent quarter.
If you own common stock in WSB and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit :
http://zlk.9nl.com/wsb.
Levi & Korsinsky is a national firm with offices in
New York and Washington D.C.
The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP