TALMER BANCORP SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Talmer Bancorp, Inc. - TLMR
08 Febrero 2016 - 7:07AM
Business Wire
Andrews & Springer LLC, a boutique securities class
action law firm focused on representing shareholders nationwide, is
investigating potential breach of fiduciary duty claims against the
Board of Directors of Talmer Bancorp, Inc. (NASDAQ:TLMR) (“Talmer
Bancorp” or the “Company”) relating to the sale of the Company to
Chemical Financial Corporation (“Chemical Financial”). On January
26, 2016, the two companies announced the signing of a definitive
merger agreement pursuant to which Chemical Financial will acquire
Talmer Bancorp in a merger in a deal worth $1.1 billion. As a
result of the merger, Talmer Bancorp shareholders are only
anticipated to receive $1.61 per share in cash and 0.4725 shares of
Chemical Financial stock in exchange for each share of Talmer
Bancorp. The total consideration Talmer Bancorp shareholders
anticipate receiving is roughly $15.64 per share.
Our investigation so far has revealed that the consideration
Talmer Bancorp shareholders are expected to receive is inadequate.
Analysts at Yahoo! Finance have set a $20.00 per share median price
target for Talmer Bancorp, which is approximately 27.8% more than
what Talmer Bancorp shareholders are expected to receive.
Our Firm’s investigation so far has also discovered that the
process leading up to the announcement of the merger appears to
have significant conflicts of interest, thus making the process and
consideration unfair. As indicated by the Company, Talmer Bancorp’s
President and CEO David T. Provost as well as Gary Torgow, the
Company’s chairman, will join the board of directors once the
merger is closed.
If you own shares of Talmer Bancorp and want to receive
additional information and protect your investments free of charge,
please visit us at
http://www.andrewsspringer.com/cases-investigations/talmer-bancorp-class-action-investigation
or contact Craig J. Springer, Esq.
at cspringer@andrewsspringer.com, or call toll free at
1-800-423-6013. You may also follow us on LinkedIn –
www.linkedin.com/company/andrews-&-springer-llc, Twitter –
www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. These traits are the
hallmarks of our innovative approach to each case our Firm
decides to prosecute. This notice may constitute Attorney
Advertising.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160208005401/en/
Andrews & Springer LLCCraig J. Springer, Esq.Call Toll Free:
1-800-423-6013cspringer@andrewsspringer.com
Talmer Bancorp, Inc. (NASDAQ:TLMR)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Talmer Bancorp, Inc. (NASDAQ:TLMR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Talmer Bancorp, Inc. (NASDAQ): 0 recent articles
Más de Talmer Bancorp - Class A (MM) Artículos de Noticias