Rigrodsky & Long, P.A. Announces Investigation Of Firstbank Corporation Buyout
August 19 2013 - 5:34PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Firstbank
Corporation (NASDAQ GS: FBMI)?
- Did you purchase any of your shares
prior to August 15, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Firstbank
Corporation (“Firstbank” or the “Company”) (NASDAQ GS: FBMI)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Mercantile Bank Corporation (“Mercantile”)
(NASDAQ GS: MBWM) in a transaction valued at approximately $151.5
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/firstbank-corporation-fbmi.
Under the terms of the proposal, public shareholders of
Firstbank will receive 1.00 share of Mercantile common stock for
each share of Firstbank they own. Based upon Mercantile’s closing
stock price on August 14, 2013, Firstbank shareholders would have
received consideration valued at approximately $18.77 per
share.
The investigation concerns whether Firstbank’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Firstbank’s shareholders before entering into an
agreement with Mercantile.
If you own the common stock of Firstbank and purchased your
shares before August 15, 2013, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Seth Rigrodsky or Shaye Fuchs at Rigrodsky & Long,
P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York
11530, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/firstbank-corporation-fbmi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth RigrodskyShaye
Fuchs888-969-4242516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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