WASHINGTON--(BUSINESS WIRE)--
The law firm of Finkelstein Thompson LLP is investigating potential
claims on behalf of shareholders of Firstbank Corporation (NASDAQ: FBMI)
(“Firstbank” or “the Company”), concerning the Company’s proposed
acquisition by Mercantile Bank Corp. (NASDAQ: MBWM) (“Mercantile”).
Under the terms of the merger agreement, Firstbank shareholders will
receive a fixed ratio of one share of Mercantile common stock for each
share of Firstbank common stock they own. This implies a transaction
value of $18.77 per share based on the closing price of Mercantile on
Wednesday, August 14, 2013. The total deal is valued at approximately
$151.5 million.
The investigation is focused on the potential unfairness of the
consideration to shareholders, the process by which Firstbank’s Board of
Directors considered the transaction, and potential conflicts of
interest among the Company’s Board members.
If you are interested in discussing your rights as a Firstbank
shareholder, or have information relating to this investigation, please
contact Finkelstein Thompson’s Washington, DC offices at (877) 337-1050
or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients in
financial litigation, and has been appointed as lead or co-counsel in
dozens of shareholder class actions. Indeed, the firm has served in
leadership roles in cases that have recovered over $1 billion for
investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our website
at www.finkelsteinthompson.com.
Attorney advising. Prior results do not guarantee similar outcomes.
Finkelstein Thompson LLP
Rosalee B. C. Thomas
877-337-1050
Source: Finkelstein Thompson LLP