MILWAUKEE, May 21, 2018 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Board of Directors of MB
Financial, Inc. (NYSE: MBFI) for possible breaches of fiduciary
duty and other violations of Maryland law in connection with the sale of MB
Financial to Fifth Third.
Click here to learn how to join the action:
http://ademilaw.com/case/mb-financial or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges MB Financial's long-term
financial outlook is improving and yet MB Financial shareholders
will receive only 1.45 shares of Fifth Third common stock and
$5.54 in cash for each share of MB
Financial common stock they own, or approximately $54.20. Fifth Third is well aware of MB
Financial's improving financial metrics and is purchasing MB
Financial at a substantial discount. The merger agreement
unreasonably limits competing bids for MB Financial by (i)
prohibiting solicitation of any further bids, and (ii) imposing a
termination penalty should MB Financial receive and accept a
superior bid. MB Financial insiders, their affiliates and other
major shareholders own significant voting stock, and will receive
millions of dollars as part of change of control arrangements, and
therefore can unduly influence a sale of MB Financial. Our
investigation centers on the conduct of MB Financial's Board of
Directors, who have unanimously approved the transaction, and
whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for MB
Financial given its current financial condition and prospects.
If you own common stock in MB Financial and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/mb-financial.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP