An investigation on behalf of investors of LCNB Corp. (NASDAQ: LCNB) in connection with the proposed takeover was announced and NASDAQ: LCNB stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/18/2018 -- An investigation on behalf of investors, who currently hold shares of LCNB Corp. (NASDAQ: LCNB), was announced concerning the merger of LCNB Corp. and Columbus First Bancorp, Inc
Investors who purchased shares of LCNB Corp. (NASDAQ: LCNB) and currently hold any of those NASDAQ: LCNB shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of LCNB Corp. breached their fiduciary duties owed to NASDAQ: LCNB investors in connection with the proposed merger
Lebanon, OH based LCNB Corp., a financial holding company, provides commercial and personal banking services in Ohio. Its deposit products include checking, NOW, savings, Christmas and vacation club, money market deposit, lifetime checking, and individual retirement accounts, as well as certificates of deposit. On December 21, 2017, LCNB Corp. (NASDAQ: LCNB), the holding company for LCNB National Bank, and Columbus First Bancorp, Inc., the holding company for Columbus First Bank, announced that they have signed a merger agreement whereby LCNB will acquire Columbus First in an all-stock transaction. Based on the LCNB closing share price as of December 20, 2017, the transaction is valued at $41.00 for each Columbus First share or approximately $66.9 million in aggregate.
However, the investigation concerns whether the Board of LCNB breached their fiduciary duties to stockholders and/or violated securities laws by failing to properly value the merger and/or failure to disclose all material information in connection with the merger.
Shares of LCNB Corp. (NASDAQ: LCNB) closed on April 17, 2018, at $18.65 per share.
Those who are current investors in LCNB Corp. (NASDAQ: LCNB) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com