Shareholder Alert: Ademi LLP investigates whether FNCB Bancorp, Inc. has obtained a Fair Price in its transaction with Peoples Financial Services Corp.

MILWAUKEE, Sept. 27, 2023 /PRNewswire/ -- Ademi LLP is investigating FNCB (Nasdaq: FNCB) for possible breaches of fiduciary duty and other violations of law in its transaction with Peoples.

Click here to learn how to join the action https://www.ademilaw.com/case/fncb-bancorp-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

In the transaction, FNCB stockholders are expected to receive only 0.1460 shares of Peoples common stock for each share of FNCB common stock they own, resulting in an implied price per share to holders of FNCB Common Stock of approximately $6.44 per share. The transaction agreement unreasonably limits competing transactions for FNCB by imposing a significant penalty if FNCB accepts a competing bid. FNCB insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of FNCB's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own FNCB common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/fncb-bancorp-inc.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP