SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Emclaire Financial Corp. (Nasdaq – EMCF)
BALA CYNWYD – March 23, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Emclaire Financial Corp. (“Emclaire” or the “Company”) (Nasdaq – EMCF) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to be acquired by Farmers National Banc Corp. (“Farmers”) (Nasdaq – FMNB). Pursuant to the Agreement, each shareholder of Emclaire may elect to receive either $40.00 per share in cash or 2.15 shares of Farmers’ common stock, subject to an overall limitation of 70% of the shares being exchanged for Farmers’ shares and 30% for cash. Based on Farmers’ closing share price of $17.02 on March 23, 2022, the transaction is valued at approximately $105 million, or $37.62 per share.
The investigation concerns whether the Emclaire Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Farmers is paying too little for the Company.
If you own shares of Emclaire stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.