Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Marshall & Ilsley Corporation - MI
December 20 2010 - 4:45PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Marshall & Ilsley Corporation (“Marshall &
Ilsley” or the “Company”) (NYSE: MI) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to Bank of Montreal (NYSE: BMO) (Toronto:
BMO.TO) for an estimated $4.1 billion. The proposed transaction
offers Marshall & Ilsley shareholders to only receive 0.1257
share of Bank of Montreal for each share of Marshall & Ilsley,
valuing the Company’s stock at approximately $7.75 per share.
According to Yahoo! Finance, at least one analyst values the
Marshall & Ilsley’s common stock at $9.50 per share.
Request more information now by clicking here:
www.faruqilaw.com/MI.
Whether the Marshall & Ilsley’s Board of Directors breached
their fiduciary duties to Marshall & Ilsley’s stockholders by
failing to conduct an adequate and fair sales process to sell the
Company prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues Marshall & Ilsley’s shares and
by how much this proposed transaction undervalues the Company to
the detriment of Marshall & Ilsley shareholders are the key
focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Marshall & Ilsley and wish to
obtain additional information, please visit us at
www.faruqilaw.com/MI or contact Juan E. Monteverde, Esq. either via
e-mail at jmonteverde@faruqilaw.com or by telephone at (877)
247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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