NEW YORK, July 17, 2013 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Taylor Capital
Group, Inc. ("Taylor" or the
"Company") (Nasdaq: TAYC) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to MB Financial Inc. (Nasdaq: MBFI).
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Click here to learn more about the investigation
http://zlk.9nl.com/taylor-capital-group-tayc/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Taylor shareholders will receive 0.64318
shares of MB Financial Inc. and $4.08
in cash for each share of Taylor
stock they own, representing a value of approximately $22.00 per share. The transaction has a total
approximate value of $680 million in
cash and stock. The investigation concerns whether the Taylor Board of Directors breached their
fiduciary duties to stockholders by acting in its best interest,
rather than that of shareholders, whether the Board failed to
adequately shop the Company before agreeing to enter into the
transaction, and whether MB Financial Inc. is underpaying for
Taylor, thus unlawfully harming
Taylor shareholders. Following the
merger, members of Taylor's Board
will join the MB Financial Inc. Board.
If you own common stock in Taylor and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/taylor-capital-group-tayc/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP