NEW YORK, Oct. 12, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of MBT Financial
Corporation ("MBTF" or the "Company") (NASDAQ: MBTF) in
connection with the proposed acquisition of the Company by First
Merchants Corporation ("FRME") (NASDAQ: FRME). Under the terms
of the acquisition agreement, shareholders will be entitled to
receive 0.275 for each MBTF share they own. This implies
consideration of $12.13 based on
FRME's October 10 trading price of
$44.11.
If you own MBTF shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua
Rubin
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/mbt-financial-corporation/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether MBTF's Board acted to maximize
shareholder value prior to entering into the
agreement. Notably, the Company announced positive financial
results in its preliminary reports for the second quarter of
2018. It reported net profit of $4.95
million, or $0.22 per basic
share, in the period. This represents an increase of
approximately $1.31 million when
compared to the figures reported in the same period of the previous
year. It also reported a 9.8 % increase in net interest
income, and total loan growth of $18.5
million.
Given these facts, WeissLaw is concentrating its investigation
on whether MBTF's Board conducted a fair process in agreeing to the
proposed acquisition, and whether the proposed acquisition
undervalues the Company.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
clients and obtained important corporate governance relief in many
of these cases. If you have information or would like legal
advice concerning possible corporate wrongdoing (including insider
trading, waste of corporate assets, accounting fraud, or materially
misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business
practices), or anti-trust violations, please email us at
stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP