Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of First M&F Corporation (FMFC)
08 Febrero 2013 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of First M&F Corporation (“First M&F” or the
“Company”) (NasdaqGS: FMFC) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Renasant Corporation (“Renasant”) (NasdaqGS: RNST) in a
stock-for-stock deal valued at approximately $119 million. Under
the terms of the proposed transaction, First M&F’s stockholders
will receive 0.6425 shares of Renasant common stock for each share
of First M&F common stock they own. The consideration to be
received by First M&F shareholders is valued at $12.49 based on
Renasant’s closing price the day before the announcement, February
6, 2013.
Request more information now by clicking here:
www.faruqilaw.com/FMFC. There is no cost or
obligation to you.
The investigation focuses on whether First M&F’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of First M&F’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in First M&F and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/FMFC or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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