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MYBF.US
id: 701, Created by Stan Vick, Scout
Muncy Bank Financial, Inc. (MYBF) Merger Case
What do I get by joining?
- You will get case updates and receive a payout in case of success
- If you would like to actively participate, you will be connected to the attorney
- No, you do not pay anything out of your pocket neither to us nor to attorney
On April 18, 2023, CCFNB Bancorp, Inc. (CCFN) and Muncy Bank Financial, Inc. (MYBF) jointly announced the signing of a definitive merger agreement to combine the two companies in a strategic merger of equals.
- Under the terms of the agreement, MYBF shareholders are expected to receive 0.9259 shares of CCFNB per share they own.
- The combined company would have approximately $1.6 billion in total assets, $1.2 billion of total deposits, $1 billion in total loans, and $144 million of combined shareholders’ equity.
Investors of $MYBF may have reasons to suspect that the pricing terms of the M&A transaction with $CCFN are unfair and that the Company BoD breached fiduciary duties to shareholders.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Malpractice,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
18 April 2023