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

MILWAUKEE, March 29, 2021 /PRNewswire/ -- Ademi LLP is investigating Premier (NASDAQ: PFBI) 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/premier-financial-bancorp-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi LLP alleges Premier's financial outlook is excellent and yet Premier shareholders will receive only 0.58 shares of Peoples common stock for each share of Premier common stock, or approximately $19.69 per share, based on Peoples' 20-day volume weighted average closing price of $33.95 per share as of March 26, 2021. The merger agreement unreasonably limits competing bids for Premier by prohibiting solicitation of further bids, and imposing a termination penalty if Premier accepts a superior bid. Premier insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Premier's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Premier.

If you own Premier 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/premier-financial-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

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