NEW YORK, June 03, 2021 (GLOBE NEWSWIRE) -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Community Bankers Trust Corporation (“Community Bankers” or the “Company”) ( ESXB) in connection with the proposed acquisition of the Company by United Bankshares, Inc. (“United”) ( UBSI). Under the terms of the merger agreement, United will acquire 100% of the outstanding shares of Community Bankers in exchange for common shares of United. The exchange ratio will be fixed at 0.3173 of United's shares for each share of Community Bankers, representing implied per-share merger consideration of approximately $13.06 based upon United’s June 2, 2021 closing price of $41.15. The transaction is valued at approximately $303.3 million.
If you own Community Bankers shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslawllp.com/ESXB/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw LLP is investigating whether Community Bankers’ board acted in the best interest of Community Bankers’ public shareholders in agreeing to the proposed transaction, whether the per-share merger consideration adequately compensates Community Bankers’ shareholders, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Community Bankers’ 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 [email protected]
