Community Bankers Trust Corporation
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COMMUNITY BANKERS MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF COMMUNITY BANKERS TRUST CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – ESXB
June 3, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Community Bankers Trust Corporation (NASDAQ: ESXB) to United Bankshares, Inc. is fair to Community Bankers shareholders. Pursuant to the merger agreement, United Bankshares will acquire 100% of the outstanding shares of Community Bankers in exchange for common shares of United Bankshares. The exchange ratio will be fixed at 0.3173 of United Bankshares’s shares for each share of Community Bankers.
The investigation concerns whether Community Bankers and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Community Bankers shareholders; (2) determine whether United Bankshares is underpaying for Community Bankers; and (3) disclose all material information necessary for Community Bankers shareholders to adequately assess and value the merger consideration. On behalf of Community Bankers shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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