NEW ORLEANS, May 3, 2016 /PRNewswire/ -- Former Attorney
General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of
Kahn Swick & Foti, LLC ("KSF") are investigating the proposed
sale of First Clover Leaf Financial Corp. (NASDAQ: FCLF) ("Clover"
or the "Company") to First Mid-Illinois Bancshares, Inc. (NASDAQ:
FMBH). Under the terms of the proposed transaction, shareholders of
Clover will receive only $12.87 in
cash or 0.495 of a share of First Mid common stock, subject to
adjustments, for each share of Clover that they own. KSF is seeking
to determine whether this consideration and the process that led to
it are adequate, or whether the consideration undervalues the
Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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visit:http://www.prnewswire.com/news-releases/first-clover-leaf-financial-investor-alert-by-the-former-attorney-general-of-louisiana-kahn-swick--foti-llc-investigates-adequacy-of-price-and-process-in-proposed-sale-of-first-clover-leaf-financial-corp-300261987.html
SOURCE Kahn Swick & Foti, LLC
