SHAREHOLDER ALERT: Levi & Korsinsky Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Taylor C...
July 16 2013 - 6:13AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Taylor Capital Group, Inc. (“Taylor” or the “Company”) (Nasdaq:
TAYC) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to MB
Financial Inc. (Nasdaq: MBFI).
Click here to learn more about the investigation
http://zlk.9nl.com/taylor-capital-group-tayc/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Taylor shareholders will
receive 0.64318 shares of MB Financial Inc. and $4.08 in cash for
each share of Taylor stock they own, representing a value of
approximately $22.00 per share. The transaction has a total
approximate value of $680 million in cash and stock. The
investigation concerns whether the Taylor Board of Directors
breached their fiduciary duties to stockholders by acting in its
best interest, rather than that of shareholders, whether the Board
failed to adequately shop the Company before agreeing to enter into
the transaction, and whether MB Financial Inc. is underpaying for
Taylor, thus unlawfully harming Taylor shareholders. Following the
merger, members of Taylor’s Board will join the MB Financial Inc.
Board.
If you own common stock in Taylor 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/taylor-capital-group-tayc/.
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.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
212-363-7171www.zlk.com
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