MILWAUKEE, Oct. 22, 2025 /PRNewswire/ -- The Ademi Firm is investigating Middlefield (Nasdaq: MBCN) for possible breaches of fiduciary duty and other violations of law in its transaction with Farmers National Banc Corp.

Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.

In the transaction, Middlefield shareholders will receive 2.6 shares of Farmers common stock for each Middlefield share. Based on Farmers' closing price of $13.91 on October 20, 2025, the transaction values Middlefield shares at $36.17 each.

Middlefield insiders will continue to receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for Middlefield by imposing a significant penalty if Middlefield accepts a competing bid. We are investigating the conduct of the Middlefield 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

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SOURCE Ademi LLP