NEW YORK, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of MBT Financial Corp., Community First Bank, and Idaho Independent Bank. Additional information about each potential action can be found at the link provided.
MBT Financial Corp. (NASDAQ: MBTF)
Buyer: First Merchants Corporation
Pursuant to the proposed transaction, announced on October 10, 2018 and valued at $291 million, MBT stockholders will receive 0.275 shares of First Merchants for each share of MBT common stock owned. The investigation focuses on whether MBT and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
To learn more about the MBT Financial investigation go to: https://bespc.com/mbtf/.
Community First Bank (Other OTC: CMYF)
Buyer: First Interstate BancSystem, Inc.
Pursuant to the proposed transaction, announced on October 11, 2018 and valued at $21.5 million, Community First stockholders will receive $45.45 in cash for each share of Community First common stock owned. The investigation focuses on whether Community First and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
To learn more about the Community First investigation go to: https://bespc.com/cmyf/.
Idaho Independent Bank (Other OTC: IIBK)
Buyer: First Interstate BancSystem, Inc.
Pursuant to the proposed transaction, announced on October 11, 2018 and valued at $181 million, Idaho Independent stockholders will receive 0.5 Class A shares of First Interstate for each share of Idaho Independent common stock owned. The investigation focuses on whether Idaho Independent and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
To learn more about the Idaho Independent investigation go to: https://bespc.com/iibk/.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 308-1869
investigations@bespc.com
www.bespc.com