Centrue Financial Corp (CFCB) Investor Investigation of Takeover by Midland States Bancorp, Inc

An investigation on behalf of investors of Centrue Financial Corp (NASDAQ:CFCB) in connection with the proposed takeover was announced and NASDAQ:CFCB stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 02/06/2017 --An investigation on behalf of investors, who currently hold shares of Centrue Financial Corp (NASDAQ:CFCB), was announced concerning whether the takeover of Centrue Financial Corp. by Midland States Bancorp, Inc for $26.75 per share is unfair to NASDAQ:CFCB stockholders.

Investors who purchased shares of Centrue Financial Corp (NASDAQ:CFCB) and currently hold any of those NASDAQ:CFCB shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Centrue Financial Corp breached their fiduciary duties owed to NASDAQ:CFCB investors in connection with the proposed acquisition.

On January 2017, Midland States Bancorp, Inc. (NASDAQ:MSBI) and Centrue Financial Corp (NASDAQ:CFCB) announced that they have entered into an agreement under which Midland will acquire Centrue Financial Corp (NASDAQ:CFCB) for estimated total consideration of $175.1 million, or $26.75 per share of Centrue common stock.

However, the investigation concerns whether the offer is unfair to NASDAQ:CFCB stockholders. More specifically, the investigation concerns whether the Centrue Financial 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.

Shares of Centrue Financial Corp (NASDAQ:CFCB) closed on February 3, 2017 at $25.26 per share.

Those who are current investors in Centrue Financial Corp shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/767470