NEW YORK, May 5, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Perpetual Federal Savings Bank («Perpetual» or the «Company») (OTC: PFOH) in connection with the proposed acquisition of the Company by Farmers & Merchants Bancorp, Inc. («FMAO») (NASDAQ: FMAO). Under the terms of the merger agreement, Perpetual shareholders will elect to receive either 1.7766 shares of FMAO stock or $41.20 in cash for each share of Perpetual common stock that they hold, subject to adjustment based upon 1,833,999 shares of FMAO to be issued in the merger.
If you own Perpetual 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 Perpetual’s board acted in the best interest of Perpetual’s public shareholders in agreeing to the proposed transaction, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Perpetual’s public shareholders.
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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SOURCE WeissLaw LLP