Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Kentucky Bancshares, Inc.

SYBT

PR Newswire

NEW YORK , Jan. 27, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kentucky Bancshares, Inc. ("Kentucky Bancshares" or the "Company") (OTCQX: KTYB) in connection with the proposed merger of the Company with Stock Yards Bancorp, Inc. ("Stock Yards Bancorp") (NASDAQ: SYBT). Under the terms of the merger agreement, Stock Yards will acquire Kentucky Bancshares in a mixed cash-and-stock transaction, pursuant to which Kentucky Bancshares shareholders will receive $4.75 in cash and 0.64 shares of Stock Yards Bancorp common stock for each Kentucky Bancshares share that they own, representing implied per-share merger consideration of approximately $32.09 based upon Stock Yards Bancorp's January 26, 2021 closing price of $42.72 .

WeissLaw LLP (PRNewsfoto/WeissLaw LLP)

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

https://www.weisslawllp.com/KTYB/

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16 th Floor
New York , NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

WeissLaw LLP is investigating whether Kentucky Bancshares's board acted in the best interest of Kentucky Bancshares's public shareholders in agreeing to the proposed transaction, whether the merger consideration adequately compensates Kentucky Bancshares's shareholders, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Kentucky Bancshares's public shareholders.

WeissLaw LLP 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 stockinfo@weisslawllp.com

Cision View original content to download multimedia: http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-kentucky-bancshares-inc-301216627.html

SOURCE WeissLaw LLP



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today