SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of MBT Financial Corporation to First Merchants Corporation is Fair to Shareholders
NEW YORK, Oct. 10, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased MBT Financial Corporation (“MBT Financial” or the “Company”) (NASDAQGS: MBTF) stock prior to October 10, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of MBT Financial to First Merchants Corporation (NASDAQGS: FRME). Under the terms of the transaction, MBT Financial shareholders will receive 0.275 shares of First Merchants common stock for each share of MBT Financial stock they own; based on the closing price of First Merchants’ common stock on October 9, 2018, this represents approximately $12.57 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The MBT Financial merger investigation concerns whether the Board of MBT Financial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether First Merchants is underpaying for MBT Financial shares, thus unlawfully harming MBT Financial shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph E. Levi, Esq. 55 Broadway, 10th Floor New York, NY 10006 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com