Shareholders Foundation, Inc.

Taylor Capital Group Inc (NASDAQ:TAYC) Investor Alert: Lawsuit to Halt Takeover Filed

A lawsuit was filed by an investor in Taylor Capital Group Inc (NASDAQ:TAYC) in effort to stop the proposed takeover and (NASDAQ:TAYC stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 08/05/2013 -- An investor, who currently holds Taylor Capital Group Inc (NASDAQ:TAYC) shares, filed a lawsuit in effort to halt the takeover of Taylor Capital Group Inc by MB Financial Inc. for a value of approximately $22.00 per NASDAQ:TAYC share

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.

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 plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:TAYC stockholders by agreeing to sell the company too cheaply via an unfair process.

On August 2, 2013, Taylor Capital Group Inc (NASDAQ:TAYC) shares closed at $22.42.

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