NEW YORK--(BUSINESS WIRE)--
Headline of release dated May 13, 2013 should read: Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp Inc. (CITZ) (sted Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of First Merchants Corporation (FRME)). Multiple subsequent revisions were also made.
The corrected release reads:
FARUQI & FARUQI, LLP IS SEEKING MORE CASH FOR THE SHAREHOLDERS OF CFS BANCORP INC. (CITZ)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CFS Bancorp Inc. (“CFS” or the “Company”) (CITZ) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to First Merchants Corporation (FRME) in a stock for stock deal valued at $114.7 million. Under the terms of the proposed transaction, CFS stockholders will receive 0.65 shares of First Merchants Corporation stock for each share of CFS stock they own, representing a value of approximately $10.49 per share. According to Yahoo! Finance, at least one financial analyst has set a price target of $15.11 for CFS.
Request more information now by clicking here: www.faruqilaw.com/CITZ. There is no cost or obligation to you.
The investigation focuses on whether CFS’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of CFS’ shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in CFS and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CITZ or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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- Investment & Company Information
- First Merchants Corporation
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330