SHAREHOLDER ALERT: Weiss Law Investigates Peoples Bancorp Inc.

NEW YORK, Oct. 25, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Peoples Bancorp Inc. ("Peoples" or the "Company") (NASDAQ: PEBO), in connection with its proposed acquisition of Limestone Bancorp, Inc. ("Limestone") (NASDAQ: LMST), the parent company of Limestone Bank, Inc. ("Limestone Bank"), for approximately $208.2 million. Under the terms of the merger agreement, Limestone will merge with and into Peoples, and Limestone Bank will subsequently merge with and into Peoples' wholly owned subsidiary, Peoples Bank. Pursuant to the merger agreement, Peoples shareholders will own 80% of the combined company and Limestone shareholder will own 20%.

If you own Peoples shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/pebo
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7^th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
[email protected]

Weiss Law is investigating whether (i) Peoples' board of directors acted in the best interests of the Company in agreeing to the proposed transaction, (ii) the per-share merger consideration is fair to Peoples' shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. 

Weiss Law 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]

SOURCE Weiss Law

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED