NEW YORK, June 23, 2021 (GLOBE NEWSWIRE) — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Cortland Bancorp Inc (“Cortland” or the “Company”) (NASDAQ: CLDB) in connection with the proposed acquisition of the Company by Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB). Under the terms of the merger agreement, Cortland shareholders have the right to receive for each share of Cortland common stock they own either $28.00 in cash or 1.75 shares of Farmers common stock, subject to overall limitation of 75% of the shares being exchanged for Farmers shares and 25% for cash.
If you own Cortland shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether Cortland’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, whether the merger consideration and proposed equity split are fair to Cortland shareholders, and whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
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 firstname.lastname@example.org.
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