NEW YORK, June 20, 2016 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC,
notifies investors of class action against Talmer Bancorp, Inc.
("Talmer" or "the Company") (NASDAQ: TLMR). The class action
has been filed in the Eastern District of Michigan on behalf of a class consisting of
all persons or entities who purchased Talmer common stock on
January 26, 2016, in connection with
the proposed acquisition of Talmer by Chemical Financial
Corporation ("Chemical").
This class action seeks to recover damages against Defendants,
Talmer, its Board of Directors (the "Board") and Chemical, for
alleged violations of the federal securities laws under the
Securities Exchange Act of 1934 (the "Exchange
Act").
Talmer entered into an Agreement and Plan of Merger (the "Merger
Agreement") with Chemical on January 25,
2016. The Merger Agreement in the "Proposed Acquisition"
stated that Chemical would obtain Talmer by buying all of its
remaining shares at a $0.4725 per
share of Chemical common stock and $1.61 in per share of Talmer common stock. Once
stocks are purchased, Talmer would merge into Chemical.
The Complaint alleges that Defendants forced Talmer and Chemical
to file a Joint Preliminary Prospectus/Joint Proxy Statement on
Form S-4 (the "Proxy") on March 31,
2016 in effort to secure shareholder support for the
Proposed Acquisition. The Proxy encouraged Talmer investors
to vote in favor of the Proposed Acquisition, and failed to
disclose material information essential for shareholders to make
informed decisions regarding the Proposed Acquisition, including
material information about the biased sales procedure, conflicts of
interest, the unfair consideration offered in the Proposed
Acquisition, the real worth of Talmer on an individual basis and as
to be acquired by Chemical, and the data, inputs and assumptions
Talmer's and Chemical's financial advisors employed in their
fairness analyses.
A class action lawsuit has already been filed. If you wish to
review a copy of the Complaint and join the action, visit the
firm's website: http://www.bgandg.com/#!tlmr/ldzbz. To discuss this
action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations
Analyst, Yael Hurwitz of Bronstein,
Gewirtz & Grossman, LLC at 212-697-6484 or via email
info@bgandg.com. Those who inquire by e-mail are encouraged to
include their mailing address and telephone number. If you
suffered a loss in Talmer you can request that the Court appoint
you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert----bronstein-gewirtz--grossman-llc-notifies-investors-of-class-action-against-talmer-bancorp-inc-tlmr-300287013.html
SOURCE Bronstein, Gewirtz & Grossman, LLC