We are 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, 2022 closing price of $24.23.
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.