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UPDATE - INVESTOR ALERT: Levi & Korsinsky, LLP Commences an Investigation of the Board of Directors of National Bancshares Corporation in Connection with the Fairness of the Sale of the Company to Farmers National Banc Corp.Levi & Korsinsky commences an investigation of the Board of Directors of National Bancshares Corporation ("National Bancshares" or the "Company") (OTC:NBOH) regarding potential breaches of fiduciary duties and other violations of state law in connection with the sale of the Company to Farmers National Banc Corp. ("Farmers") (NASDAQ:FMNB). Click here to learn more about the investigation: http://www.zlkdocs.com/NBOH-Info-Request-Form-ma-2586. Under the terms of the transaction, National Bancshares shareholders will be entitled to elect to receive either $32.15 per share in cashor 4.034 shares of Farmers' common stock, subject to an overall limitation of 80% of the shares being exchanged for stock and 20% for cash. Based on Farmers' volume weighted average stock price over the last 20 trading days of $7.97, as of January 26, 2015, the transaction is valued at approximately $74.0 million. The investigation concerns whether the Board of National Bancshares breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Farmers is underpaying for National Bancshares shares. If you own National Bancshares common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlkdocs.com/NBOH-Info-Request-Form-ma-2586. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. |
