NEW YORK, Jan. 11, 2023 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Comunibanc Corp. (“Comunibanc” or the “Company”) (OTC: CBCZ) in connection with the proposed merger of the Company with Civista Bancshares, Inc. (“Civista”) (NASDAQ: CIVB). Under the terms of the merger agreement, Comunibanc shareholders will receive $30.13 in cash and 1.1888 shares of Civista common stock for each Comunibanc share that they own, representing implied merger consideration of $58.93 based upon Civista’s January 11, 2023 closing price of $24.23.
If you own Comunibanc shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/cbcz
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw LLP is investigating whether (i) Comunibanc’s board acted in the best interest of Comunibanc’s stockholders in agreeing to the proposed transaction, (ii) the merger consideration is fair to the Company’s stockholders, and (iii) all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Comunibanc’s stockholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP
