Finkelstein Thompson LLP Announces Investigation of Firstbank Corporation Proposed Buyout
16 8월 2013 - 1:47AM
Business Wire
The law firm of Finkelstein Thompson LLP is investigating
potential claims on behalf of shareholders of Firstbank Corporation
(NASDAQ: FBMI) (“Firstbank” or “the Company”), concerning the
Company’s proposed acquisition by Mercantile Bank Corp. (NASDAQ:
MBWM) (“Mercantile”). Under the terms of the merger agreement,
Firstbank shareholders will receive a fixed ratio of one share of
Mercantile common stock for each share of Firstbank common stock
they own. This implies a transaction value of $18.77 per share
based on the closing price of Mercantile on Wednesday, August 14,
2013. The total deal is valued at approximately $151.5 million.
The investigation is focused on the potential unfairness of the
consideration to shareholders, the process by which Firstbank’s
Board of Directors considered the transaction, and potential
conflicts of interest among the Company’s Board members.
If you are interested in discussing your rights as a Firstbank
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson’s Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or
co-counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
website at www.finkelsteinthompson.com. Attorney advising. Prior
results do not guarantee similar outcomes.
Finkelstein Thompson LLPRosalee B. C. Thomas877-337-1050
Firstbank Corp. (MM) (NASDAQ:FBMI)
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