DALLAS, TX / ACCESSWIRE / October 16, 2018 / Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of MBT Financial Corp. (“MBT”) (NasdaqGS:MBTF) concerning the acquisition by First Merchants Corporation (FRME). Under the terms of the agreement, MBT shareholders will only receive 0.275 shares of First Merchants stock per MBT share owned. The consideration is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $14.50 per share
If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at email@example.com or by calling (888) 809-2750. There is no cost or fee to you.
The investigation centers on whether MBT’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of MBT could be as high as $14.50 per share.
The Briscoe Law Firm, PLLC is a full-service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters, including claims of investor and stockholder fraud, shareholder derivative suits, and securities class actions.
The Briscoe Law Firm, PLLC
3131 McKinney Avenue, Suite 600
Dallas, Texas 75204
Toll free: 888-809-2750
SOURCE: The Briscoe Law Firm, PLLC