MILWAUKEE, Oct. 20, 2025 /PRNewswire/ — The Ademi Firm is investigating CNBN (OTC: CNBN) for possible breaches of fiduciary duty and other violations of law in its transaction with HBT Financial Inc.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
Shareholders of CNBN will receive 1.0434 shares of HBT common stock per CNBN share, $27.73 per share in cash, or a combination of both, subject to adjustment and proration provisions. The implied per share purchase price is $25.92. Upon closing, CNBN shareholders are expected to hold approximately 15% of HBT’s outstanding common stock.
CNBN insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for CNBN by imposing a significant penalty if CNBN accepts a competing bid. We are investigating the conduct of the CNBN board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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