SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of NB&T Financial Group Inc. In Connection With The Proposed Sale...
August 08 2014 - 10:30PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of NB&T Financial Group Inc.
(“NB&T” or “the Company”) (Nasdaq: NBTF) relating to the
proposed buyout of the Company by Peoples Bancorp Inc.
(“Peoples”).
On August 4, 2014 NB&T and Peoples announced the signing of
a definitive merger agreement pursuant to which Peoples will
acquire NB&T through a stock and cash merger.
Under the terms of the transaction, NB&T shareholders are
anticipated to receive 0.9319 shares of Peoples common stock and
$7.75 in cash for each share of NB&T common stock they own. The
firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors breached their fiduciary
duties by failing to maximize shareholder value before agreeing to
enter into the transaction, and whether Peoples is underpaying for
NB&T shares.
If you currently own common stock of NB&T and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional Corporation1925 Old Valley
RoadStevenson, Maryland 21153Charles J. Piven,
410-415-6616hoffman@browerpiven.com
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