NEW YORK, May 22, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of MB Financial, Inc.
("MBFI" or the "Company") (NASDAQ: MBFI) in connection with the
proposed acquisition of the Company by Fifth Third Bancorp ("FITB")
(NASDAQ: FITB). On May 21,
2018, the Company announced a definitive agreement under
which FITB will acquire all outstanding shares of MBFI in a
transaction valued at approximately $4.7
billion. The deal offers MBFI shareholders $5.54 in cash and 1.45 shares of FITB common
stock in exchange for each MBFI share they own, representing
consideration of $50.54 per MBFI
share, based on FITB's May 22 trading
price of $31.04.
WeissLaw is investigating whether MBFI's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, MFBI announced double digit growth in its most recent
financial statements, reporting an impressive 21.1%
period-over-period increase in operating earnings.
Given these facts, WeissLaw is investigating whether MBFI's
Board acted in the best interests of MBFI's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own MBFI shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/mb-financial-inc/
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SOURCE WeissLaw LLP
