BALA CYNWYD, Pa., July 16, 2013 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Taylor Capital
Group, Inc. ("Taylor Capital" or the "Company") (Nasdaq: TAYC)
relating to the proposed acquisition by MB Financial, Inc.
Click here to learn more about the investigation
http://brodsky-smith.com/614-tayc-taylor-capital-group-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Taylor Capital shareholders
will receive only 0.64318 shares of MB Financial and $4.08 in cash for each share of Taylor Capital
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Taylor Capital for not acting in the Company's
shareholders' best interests in connection with the sale process.
The transaction may undervalue the Company as Taylor Capital
results continue to be both outstanding and reflect sustained
progress. For example, Taylor Capital exceeded analyst earning per
share expectations for the sixth time in the past nine
quarters.
In addition, the investigation seeks to determine if conflicts
of interests played a role in the transaction. Upon the close of
the merger the President and CEO of Taylor Capital will become
president and CEO at a MB Financial subsidiary. In addition, two
current Taylor Capital board members will join the MB Financial
board of directors.
If you own shares of Taylor Capital common stock and wish to
discuss the legal ramifications of the proposed transaction, or
have any questions, you may e-mail or call the law office of
Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by visiting
http://brodsky-smith.com/614-tayc-taylor-capital-group-inc.html,
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC