Rowley Law PLLC is investigating potential securities law violations by Severn Bancorp, Inc. (NASDAQ: SVBI) and its board of directors concerning the proposed acquisition of the company by Shore Bancshares, Inc. (NASDAQ: SHBI). Stockholders will receive $1.59 and 0.6207 shares of Shore Bancshares common stock for each share of Severn Bancorp stock that they hold. The transaction is valued at approximately $146 million and is expected to close in the third quarter of 2021.
If you are a stockholder of Severn Bancorp, Inc. and are interested in obtaining additional information regarding this investigation, please fill in the contact form on this page. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at firstname.lastname@example.org, or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
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