Premier Financial Bancorp, Inc.
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PREMIER FINANCIAL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF PREMIER FINANCIAL BANCORP, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – PFBI
March 29, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Premier Financial Bancorp, Inc. (NASDAQ: PFBI) to Peoples Bancorp Inc. is fair to Premier shareholders. Under the terms of the merger agreement, Premier shareholders will receive 0.58 shares of Peoples common stock for each share of Premier common stock.
The investigation concerns whether Premier 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 Premier shareholders; (2) determine whether Peoples is underpaying for Premier; and (3) disclose all material information necessary for Premier shareholders to adequately assess and value the merger consideration. On behalf of Premier 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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