NEW YORK, March 30, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Premier Financial Bancorp, Inc. ("Premier") (NASDAQ: PFBI) in connection with the proposed acquisition of the Company by Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO). Under the terms of the merger agreement, Premier shareholders will receive 0.58 shares of Peoples stock for each share of Premier common stock that they hold, representing implied per share merger consideration of $18.91 based upon Peoples' March 29, 2021 closing price of $32.61.
If you own Premier 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 Premier's board acted in the best interest of Premier's public shareholders in agreeing to the proposed transaction, whether the per-share merger consideration adequately compensates Premier'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 Premier'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]