NEW YORK, Aug. 19, 2013 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Firstbank
Corporation (NasdaqGS: FBMI) ("Firstbank" or "the Company") for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Mercantile Bank
Corp. (NasdaqGS: MBWM).
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Click here to learn more about the investigation
http://zlk.9nl.com/firstbank-fbmi/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Firstbank shareholders will
receive one share of Mercantile common stock for each share of
Firstbank common stock they own. This represents a value of
approximately $18.77 per share. Upon
completion of the merger, Firstbank shareholders will own 48% of
the post-merger company. The investigation concerns whether the
Firstbank Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into the transaction, and whether Mercantile Bank
Corporation is underpaying for Firstbank, thus unlawfully harming
Firstbank shareholders.
If you own Firstbank common stock and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/firstbank-fbmi/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky