FIRST CLOVER LEAF FINANCIAL CORP. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
20 5월 2016 - 4:39AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of First Clover
Leaf Financial Corp. (NASDAQ CM: FCLF)?
- Did you purchase any of your shares
prior to April 26, 2016?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of First
Clover Leaf Financial Corp. (“First Clover Leaf” or the “Company”)
(NASDAQ CM: FCLF) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an
agreement to be acquired by First Mid-Illinois Bancshares, Inc.
(“First Mid”) (NASDAQ GM: FMBH), in a transaction valued at
approximately $90 million.
Click here to learn more:
http://rigrodskylong.com/investigations/first-clover-leaf-financial-corp-fclf.
Under the terms of the agreement, shareholders of First Clover
Leaf will receive either $12.87 in cash or 0.495 of a share of
First Mid common stock for each share of First Clover
Leaf they own.
The investigation concerns whether First Clover Leaf’s board of
directors failed to adequately shop the Company and obtain the best
possible value for First Clover Leaf’s shareholders before entering
into an agreement with First Mid.
If you own the common stock of First Clover Leaf and purchased
your shares before April 26, 2016, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/first-clover-leaf-financial-corp-fclf.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160519006589/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
First Clover Leaf Financial Corp. (MM) (NASDAQ:FCLF)
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First Clover Leaf Financial Corp. (MM) (NASDAQ:FCLF)
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