The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
December 17 2010 - 10:24AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Marshall & Ilsley Corporation (“M&I” or the “Company”)
(NYSE:MI) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to BMO Financial Group (“BMO”) (NYSE: BMO). Under the terms of the
transaction, M&I shareholders will receive 0.1257 shares of BMO
stock for each share of M&I they own. Based on the previous
closing prices, the transaction values M&I stock at $7.75 per
share with a total transaction value of approximately $4.1
billion.
Click here to learn how to join the action:
http://www.zlk.com/mi-mi.html, or call: 877-363-5972.
The investigation concerns whether the M&I Board of
Directors breached their fiduciary duties to M&I stockholders
by failing to adequately shop the Company before entering into this
transaction and whether BMO is underpaying for M&I shares, thus
unlawfully harming M&I stockholders. In particular, shares of
M&I stock traded as high as $10.66 per share as recently as
April 21, 2010 and at least one analyst set a price target for
M&I stock at $9.50 per share.
If you own common stock in M&I and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://www.zlk.com/mi-mi.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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