WeissLaw LLP Investigates First M&F Corporation Acquisition
08 Febbraio 2013 - 7:38PM
Business Wire
WeissLaw LLP, a national class action and shareholder rights law
firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of First M&F
Corporation (“M&F” or the “Company”) (NASDAQ: FMFC) arising
from its agreement for M&F to be acquired by Renasant
Corporation (“Renasant”). Under the terms of the proposed
transaction, M&F shareholders will receive a fixed .6425 shares
of Renasant common stock for each share of M&F stock they own,
representing a value of approximately $12.35 per share, based on
Renasant’s average ten-day closing price ended February 4,
2013.
WeissLaw LLP is investigating whether M&F’s Board acted in
the best interests of its public shareholders by actively shopping
the Company to maximize shareholder value for M&F’s public
shareholders, prior to entering into the proposed transaction with
Renasant. M&F recently announced its results for 2012 reporting
net income of $6.985 million, or $0.54 basic and diluted earnings
per share, as compared to net income of $4.373 million, or $0.28
basic and diluted earnings per share, for 2011, a 93% improvement
in common earnings per share. If you own M&F shares and would
like more information about your rights as a shareholder or
additional information concerning our investigation, please contact
Kelly C. Keenan either by telephone at (888) 593-4771 or by email
at info@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at info@weisslawllp.com or fill out the form on our
website, http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
WeissLaw LLPKelly C. Keenan1500 Broadway, 16th FloorNew York, NY
10036T: 212.682.3025F:
212.682.3010www.weisslawllp.cominfo@weisslawllp.com
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