MILWAUKEE, Oct. 10, 2018 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Board of MBT Financial
Corporation (NASDAQ: MBTF) for possible breaches of fiduciary duty
and other violations of the law in connection with the sale of MBT
to First Merchants.
Click here to learn how to join the action:
http://ademilaw.com/case/mbt or call Guri
Ademi toll-free at 866-264-3995. There is no cost or
obligation to you.
Ademi & O'Reilly, LLP alleges MBT's long-term financial
outlook is improving and yet MBT shareholders will receive the
equivalent of only $12.57 for each
share of MBT common stock. First Merchants is well aware of
MBT's improving financial metrics and is purchasing MBT at a
substantial discount. The merger agreement unreasonably
limits competing bids for MBT by (i) prohibiting solicitation of
any further bids, and (ii) imposing a termination penalty should
MBT receive and accept a superior bid. MBT insiders, their
affiliates and other major shareholders own significant voting
stock, and will receive millions of dollars as part of change of
control arrangements, and therefore can unduly influence a sale of
MBT. Our investigation centers on the conduct of MBT's Board of
Directors, who have unanimously approved the transaction, and
whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for
MBT given its current financial condition and prospects.
If you own common stock in MBT and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/mbt.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original
content:http://www.prnewswire.com/news-releases/shareholder-alert-ademi--oreilly-llp-investigates-whether-mbt-financial-corporation-has-obtained-a-fair-price-in-its-sale-to-first-merchants-corporation-300728755.html
SOURCE Ademi & O'Reilly, LLP
