NEW YORK, Jan. 27, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kentucky Bancshares, Inc. ("Kentucky Bancshares" or the "Company") (OTCQX: KTYB) in connection with the proposed merger of the Company with Stock Yards Bancorp, Inc. ("Stock Yards Bancorp") (NASDAQ: SYBT). Under the terms of the merger agreement, Stock Yards will acquire Kentucky Bancshares in a mixed cash-and-stock transaction, pursuant to which Kentucky Bancshares shareholders will receive $4.75 in cash and 0.64 shares of Stock Yards Bancorp common stock for each Kentucky Bancshares share that they own, representing implied per-share merger consideration of approximately $32.09 based upon Stock Yards Bancorp's January 26, 2021 closing price of $42.72.
If you own Kentucky Bancshares shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th Floor New York, NY 10036 (212) 682-3025 (888) 593-4771 [email protected]
WeissLaw LLP is investigating whether Kentucky Bancshares's board acted in the best interest of Kentucky Bancshares's public shareholders in agreeing to the proposed transaction, whether the merger consideration adequately compensates Kentucky Bancshares's shareholders, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Kentucky Bancshares's public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]