Talmer Sued by Shareholder Over Merger Bid - (via NewsPoints Desk)
February 5, 2016
Tags: NewsPoints Talmer Chemical United States Corporate Affairs Mergers &
A Talmer Bancorp shareholder, filed a lawsuit attempting
to block the $1 billion purchase of the company by Chemical Financial.
The shareholder accused Talmer’s board of breach of fiduciary duties, arguing
that the purchase price is insufficient in light of the company's growth
prospects and that deal-protection clauses in the agreement preclude other
companies from submitting successful competing offers.
Talmer did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Talmer for more information call toll free 800.511.7037
Shareholders have until February 8, 2016 to actively participate.