SHAREHOLDER ALERT: Weiss Law Investigates Limestone Bancorp, Inc.

NEW YORK, Oct. 25, 2022 /PRNewswire/ — Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Limestone Bancorp, Inc. (“Limestone” or the “Company”) LMST, in connection with the proposed acquisition of the Company by Peoples Bancorp Inc. (“Peoples”) PEBO.  Under the terms of the merger agreement, Limestone shareholders will receive a fixed exchange ratio of 0.90 shares of common stock in the combined company for each share of Limestone common stock owned, representing implied per-share merger consideration of approximately $27.73 based upon Peoples’ October 24, 2022 closing price of $30.81.  The transaction is valued at approximately $208.2 million. 

If you own Limestone shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/lmst 

Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7^th Floor
New York, NY  10007
(212) 682-3025
(888) 593-4771
[email protected]

Weiss Law is investigating whether (i) Limestone’s board of directors acted in the best interests of the Company in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Limestone’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. 

Weiss Law 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]

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SOURCE Weiss Law