An investigation on behalf of investors of Farmers Capital Bank Corporation (NASDAQ: FFKT) in connection with the proposed takeover was announced and NASDAQ: FFKT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/25/2018 -- An investigation was announced concerning whether the takeover of Farmers Capital Bank Corporation is unfair to NASDAQ: FFKT stockholders.
Investors who purchased shares of Farmers Capital Bank Corporation (NASDAQ: FFKT) and currently hold any of those NASDAQ: FFKT 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 directors of Farmers Capital Bank Corporation (NASDAQ: FFKT breached their fiduciary duties owed to Farmers Capital Bank Corporation (NASDAQ: FFKT investors in connection with the proposed acquisition.
On April 19, 2018, WesBanco, Inc. (NASDAQ: WSBC) and Farmers Capital Bank Corporation (NASDAQ: FFKT) announced that they have executed an Agreement and Plan of Merger providing for the merger of Farmers Capital Bank Corporation with and into WesBanco, Inc. Under the terms of the Agreement and Plan of Merger, WesBanco, Inc will exchange a combination of its common stock and cash for Farmers Capital Bank Corporation common stock. Farmers Capital Bank Corporation shareholders will be entitled to receive 1.053 shares of WesBanco, Inc common stock and cash in amount of $5.00 per share for each share of Farmers Capital Bank Corporation common stock for a total value of approximately $378.2 million in aggregate based on WesBanco, Inc's market close price of $43.03 on April 18, 2018.
However, the investigation concerns whether the offer is unfair to Farmers Capital Bank Corporation (NASDAQ: FFKT stockholders. More specifically, the investigation concerns whether the Farmers Capital Bank Corporation (NASDAQ: FFKT Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Farmers Capital Bank Corporation (NASDAQ: FFKT) closed on April 24, 2018 at $50.15 per share.
Those who are current investors in Farmers Capital Bank Corporation (NASDAQ: FFKT) 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