Law Firm Brower Piven Announces Investigation of Taylor Capital Group, Inc. Proposed Merger
17 Julio 2013 - 12:32PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of Taylor Capital Group,
Inc. (“Taylor Capital” or the “Company”) (NASDAQ: TAYC) and other
violations of state law by the board of directors of Taylor Capital
relating to the proposed merger of the Company with MB
Financial, Inc. The firm’s investigation seeks to determine,
among other things, whether the board of directors of Taylor
Capital breached their fiduciary duties by failing to maximize
shareholder value.
According to the press release announcing the proposed merger,
Taylor Capital shareholders will receive (1) 0.64318 shares of MB
Financial common stock and (2) $4.08 in cash for each share of
Taylor Capital common stock they own. According to the press
release, at the time of the announcement the merger consideration
value was approximately $22.00 per Taylor Capital share.
If you currently own common stock of Taylor Capital and would
like to learn more about the investigation being conducted by
Brower Piven, you may email or call Brower Piven, who will, without
obligation or cost to you, attempt to answer your questions. You
may contact Brower Piven by email at hoffman@browerpiven.com, by
calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating
securities and other class action cases of over 60 years.
Brower Piven, A Professional CorporationStevenson,
MarylandCharles J. Piven, 410-415-6616hoffman@browerpiven.com
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