INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Talmer Bancorp, Inc. & Encourages Investors...
09 March 2016 - 8:16AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Talmer Bancorp, Inc. (“Talmer” or
the “Company”) (NASDAQ: TLMR) relating to the proposed buyout
of the Company by Chemical Financial Corp., in a transaction valued
at approximately $1.1 billion.
Under the terms of the agreement, Talmer shareholders are
anticipated to receive $1.61 in cash and 0.4725 shares of Chemical
Financial Corp. per share, the value of which is equivalent to
approximately $15.64 per Talmer share, for each share of Talmer
common stock held. The firm’s investigation seeks to determine,
among other things, whether the Company’s Board of Directors failed
to satisfy their duties to shareholders, including whether the
Board adequately pursued alternatives to the acquisition and
whether the Board obtained the best price possible for the
Company’s shares of common stock.
If you currently own common stock of Talmer and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160308006731/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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