The Wilber Corporation (AMEX: GIW) Hit 52-week High

Shares of The Wilber Corporation (AMEX:GIW ) are going crazy this morning as the stock has soared $2.99 or 50% to $9.01 after climbing to its 52-week high of $9.34 earlier in the session. This morning, Community Bank System, Inc. (NYSE: CBU) has reached an agreement to acquire The Wilber Corporation, parent company of Wilber National Bank in Oneonta, NY, for $101.8 million in Community Bank System stock and cash, or $9.50 per share. The merger agreement has been unanimously approved by the board of directors of both companies. So far this year, shares of GIW have jumped over 29% and 18.36% over the past one year. The stock has a 52-week range of $5.52-$9.34. The Wilber Corporation is engaged in ownership, supervision, and control of Wilber National Bank (the Bank). The Company, through the Bank and the Bank's subsidiaries, offers a range of commercial and consumer financial products, including business, municipal, and consumer loans, deposits. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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