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lookingandbrowsing 1 post  |  Last Activity: Feb 5, 2016 7:04 AM Member since: Feb 5, 2016
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    Talmer Sued by Shareholder Over Merger Bid - (via NewsPoints Desk)
    February 5, 2016
    Tags: NewsPoints Talmer Chemical United States Corporate Affairs Mergers &
    Acquisitions

    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.