SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Taylor Capital Group, Inc.
19 Julio 2013 - 8:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Taylor Capital Group, Inc. (“Taylor Capital” or the “Company”)
(Nasdaq: TAYC) relating to the proposed acquisition by MB
Financial, Inc.
Click here to learn more about the investigation
http://brodsky-smith.com/614-tayc-taylor-capital-group-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Taylor Capital shareholders
will receive only 0.64318 shares of MB financial and $4.08 in cash
for each share of Taylor Capital stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Taylor Capital for not
acting in the Company’s shareholders' best interests in connection
with the sale process. The transaction may undervalue the Company
as Taylor Capital results continue to be both outstanding and
reflect sustained progress. For example, Taylor Capital exceeded
analyst earning per share expectations for the sixth time in the
past nine quarters.
In addition, the investigation seeks to determine if conflicts
of interests played a role in the transaction. Upon the close of
the merger the President and CEO of Taylor Capital will become
president and CEO at a MB Financial subsidiary. In addition, two
current Taylor Capital board members will join the MB Financial
board of directors.
If you own shares of Taylor Capital common stock and wish to
discuss the legal ramifications of the proposed transaction, or
have any questions, you may e-mail or call the law office of
Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by visiting
http://brodsky-smith.com/614-tayc-taylor-capital-group-inc.html,
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/614-tayc-taylor-capital-group-inc.html
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