San Diego, CA -- (SBWire) -- 07/17/2013 --An investigation on behalf of investors in Taylor Capital Group Inc (NASDAQ:TAYC) shares was announced concerning whether the offer by MB Financial Inc. to merge with Taylor Capital Group Inc for a value of approximately $22.00 per NASDAQ:TAYC share and the takeover process are unfair to investors in Taylor Capital Group shares.
Investors who purchased shares of Taylor Capital Group Inc (NASDAQ:TAYC) prior to July 15, 2013 , and currently hold any of those NASDAQ:TAYC shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Taylor Capital Group Inc breached their fiduciary duties owed to NASDAQ:TAYC investors in connection with the proposed acquisition.
On July 15, 2013, MB Financial, Inc. (NASDAQ: MBFI) and Taylor Capital Group, Inc. (NASDAQ: TAYC) announced the signing of a merger agreement whereby MB Financial will acquire Taylor Capital. Under the terms of the transaction, Taylor Capital Group shareholders will receive 0.64318 shares of MB Financial Inc. and $4.08 in cash for each share of Taylor Capital Group Inc stock they own, representing a value of approximately $22.00 per NASDAQ:TAYC share.
However, the investigation by a law firm concerns whether the offer is too low for NASDAQ:TAYC stockholders. More specifically, the investigation focuses on whether the Taylor Capital Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On July 16, 2013, Taylor Capital Group Inc (NASDAQ:TAYC) shares closed at $21.81.
Those who are current investors in Taylor Capital Group Inc (NASDAQ:TAYC), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Taylor Capital Group Inc (NASDAQ:TAYC) Investor Alert: Investigation of Takeover
An investigation on behalf of investors of Taylor Capital Group Inc (NASDAQ:TAYC) in connection with the proposed takeover was announced and NASDAQ:TAYC stockholders should contact the Shareholders Foundation.