Finkelstein Thompson LLP Announces Investigation of Firstbank Corporation Proposed Buyout
Finkelstein Thompson LLP Announces Investigation of Firstbank Corporation Proposed Buyout
WASHINGTON--(BUSINESS WIRE)-- The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Firstbank Corporation (NAS: FBMI) ("Firstbank" or "the Company"), concerning the Company's proposed acquisition by Mercantile Bank Corp. (NAS: 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 LLP
Rosalee B. C. Thomas
877-337-1050
KEYWORDS: United States North America District of Columbia Michigan
INDUSTRY KEYWORDS:
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