Old Second (OSBC) has disclosed a new risk, in the Share Price & Shareholder Rights category.
The merger between Old Second and Bancorp Financial is facing potential risks from stockholder litigation, which could delay or prevent its completion. Legal challenges from stockholders or governmental orders could impose significant financial and operational constraints on both companies. Costs associated with defending or settling lawsuits could adversely affect their financial condition. These legal uncertainties pose a risk to the timely and successful execution of the merger agreement.
Overall, Wall Street has a Strong Buy consensus rating on OSBC stock based on 4 Buys and 1 Hold.
To learn more about Old Second’s risk factors, click here.