Le Lézard
Classified in: Business
Subject: ATY

Shareholder Alert: Ademi LLP investigates whether Liberty Bancshares, Inc. has obtained a Fair Price in its transaction with Middlefield


MILWAUKEE, May 27, 2022 /PRNewswire/ -- Ademi LLP is investigating Liberty (OTC Markets: LBSI) for possible breaches of fiduciary duty and other violations of law in its transaction with Middlefield. 

Click here to learn how to join the action: https://www.ademilaw.com/case/liberty-bancshares-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges Liberty's financial outlook and prospects are excellent and yet Liberty holders will receive only 2.752 shares of Middlefield's common stock. Based on Middlefield's closing share price of $24.95 on May 25, 2022, the transaction is valued at approximately $64.4 million. The transaction agreement unreasonably limits competing bids for Liberty by imposing a significant penalty if Liberty accepts a superior bid. Liberty insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Liberty's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Liberty.

If you own Liberty common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/liberty-bancshares-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts
Ademi LLP                                                          
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP


These press releases may also interest you

at 07:29
In a strategic move to address the growing talent shortage in the global construction equipment industry, XCMG Machinery (SHE:000425, "XCMG") has launched an extensive cross-training program for its employees from XCMG Global Business Headquarters....

at 07:05
Syngenta Group today announced financial results for the fourth quarter and full year 2023. Syngenta Group sales for full year 2023 were $32.2 billion, down $1.2 billion or 4 percent year-on-year (-1% CER). Full year EBITDA decreased 18 percent...

at 07:00
Scrum Ventures, a San Francisco and Tokyo-based early-stage venture capital firm, announced that NBA Champion and entrepreneur Kyle Kuzma, will join the fund as an advisor....

at 07:00
Operation HOPE announced today that "FINANCIAL LITERACY FOR ALL," the latest book by its Founder and CEO John Hope Bryant, has reached #1 on Amazon for Economics, prior to its April 16, 2024 release. From the best-selling author of "Up from Nothing,"...

at 06:37
According to a Department of Justice press release, a South Carolina man was recently sentenced to serve time in federal prison after a criminal tax conviction. This story should serve as a reminder that the consequences of intentionally dodging tax...

at 06:17
NEI Global Relocation's latest whitepaper, "2024 Relocation Trends | Manufacturing," provides a compelling look into how innovative relocation strategies are crucial for the manufacturing sector's talent acquisition and retention efforts. This comes...



News published on and distributed by: