Ryan & Maniskas, LLP Announces Investigation of Marshall & Ilsley Corporation
December 20 2010 - 9:15AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/mi) is
investigating potential claims against the board of directors of
Marshall & Ilsley Corporation ("Marshall & Ilsley" or the
"Company") (NYSE: MI) concerning possible breaches of fiduciary
duty and other violations of law related to the Company’s efforts
to sell Marshall & Ilsley to BMO Financial Group (“Bank of
Montreal”) in a transaction with a value of approximately USD$4.1
billion.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Marshall & Ilsley. For more information
regarding our investigation, please contact Ryan & Maniskas,
LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or
by email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/mi.
Under the terms of the definitive agreement, each outstanding
share of Marshall & Ilsley will be exchanged for 0.1257 shares
of Bank of Montreal upon closing. Based on the closing share price
of Bank of Montreal on the Toronto Stock Exchange of CAD$62.05 on
December 16, 2010, the transaction values each share of M&I at
USD$7.75.
If you own shares of Marshall & Ilsley and would like to
learn more about these claims or if you wish to discuss these
matters and have any questions concerning this announcement or your
rights, contact Richard A. Maniskas, Esquire toll-free at (877)
316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/mi.
You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For
more information about class action cases in general, please visit
our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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