WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Commercial Bancshares, Inc. (OTC QX: CMOH)?
- Did you purchase any of your shares prior to August 23, 2016?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Commercial Bancshares, Inc. (“Commercial” or the “Company”) (OTC QX: CMOH) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by First Defiance Financial Corp. (“First Defiance”) (NASDAQ GS: FDEF), in a transaction valued at approximately $63 million.
Click here to learn more: http://rigrodskylong.com/investigations/commercial-bancshares-inc-cmoh.
Under the terms of the agreement, shareholders of Commercial can elect to receive 1.1808 shares of First Defiance common stock or cash in the amount of $51.00 per share for each share of Commercial they own.
The investigation concerns whether Commercial’s board of directors failed to adequately shop the Company and obtain the best possible value for Commercial’s shareholders before entering into an agreement with First Defiance.
If you own the common stock of Commercial and purchased your shares before August 23, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/commercial-bancshares-inc-cmoh.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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