STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of NB&T Financial Group Inc. (“NB&T” or “the Company”) (Nasdaq: NBTF) relating to the proposed buyout of the Company by Peoples Bancorp Inc. (“Peoples”).
On August 4, 2014 NB&T and Peoples announced the signing of a definitive merger agreement pursuant to which Peoples will acquire NB&T through a stock and cash merger.
Under the terms of the transaction, NB&T shareholders are anticipated to receive 0.9319 shares of Peoples common stock and $7.75 in cash for each share of NB&T common stock they own. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether Peoples is underpaying for NB&T shares.
If you currently own common stock of NB&T and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.