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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Farmers Capital Bank Corporation (NASDAQGS: FFKT) to WesBanco, Inc. (NASDAQGS: WSBC) for 1.053 shares of WesBanco common stock and $5.00 cash per share. All of Farmers’ Directors and certain executive officers have already agreed to vote shares in favor of the transaction.
The investigation concerns whether the Board of Farmers Capital Bank breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether WesBanco is underpaying for Farmers Capital Bank shares, thus unlawfully harming Farmers Capital Bank shareholders.
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