The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of Marshall & Ilsley Corp. by BMO Financial...
December 17 2010 - 2:13PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the board of directors ("Board") of Marshall &
Ilsley Corporation ("Marshall & Ilsley") (NYSE: MI) in
connection with their efforts to sell Marshall & Ilsley to BMO
Financial Group ("BMO") (TSX: BMO NYSE: BMO). If the transaction is
completed, each outstanding share of Marshall & Ilsley will be
exchanged for 0.1257 shares of Bank of Montreal. Based on the
closing share price of Bank of Montreal on the TSX of C$62.05 on
December 16, 2010, the transaction values each share of Marshall
& Ilsley at US$ 7.75. The transaction is expected to be
completed on or around January 10, 2011. The transaction is
expected to close prior to July 31, 2011.
Robbins Umeda LLP's investigation concerns whether Marshal &
Ilsley's Board undertook a fair process to obtain fair
consideration for all shareholders of Marshall & Ilsley.
Specifically, our investigation concerns whether members of the
company's board breached their fiduciary duties to Marshall &
Ilsley shareholders by failing to adequately shop the company
before entering into the transaction with BMO Financial Group.
If you are a shareholder of Marshall & Ilsley and would like
more information about your rights as a shareholder, please contact
attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at
info@robbinsumeda.com.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
law firm's skilled litigation teams include former federal
prosecutors, former defense counsel from top multinational
corporate law firms, and career shareholder rights lawyers. Robbins
Umeda LLP has helped its clients realize more than $1 billion of
value for themselves and the companies in which they have invested.
For more information, please go to http://www.robbinsumeda.com.
Attorney Advertising. Past results do not guarantee a similar
outcome. We invite you to contact us today to discuss your
case.
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