(MENAFN Editorial) iCrowdNewswire - Oct 11, 2018 NEW YORK, — The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchasedMBT Financial Corporation('MBT Financial or the 'Company)(NASDAQGS: MBTF)stockprior to October 10, 2018.
You are hereby notifiedthat Levi & Korsinsky, LLP has commenced aninvestigationinto thefairness of the sale ofMBT Financialto First Merchants Corporation (NASDAQGS: FRME). Under the terms of the transaction, MBT Financial shareholders will receive 0.275 shares of First Merchants common stock for each share of MBT Financial stock they own; based on the closing price of First Merchants' common stock on October 9, 2018, this represents approximately $12.57 per share. To learn more about the action and your rights,go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.There is no cost or obligation to you.
The MBT Financial merger investigation concerns whether the Board of MBT Financial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether First Merchants is underpaying for MBT Financial shares, thus unlawfully harming MBT Financial shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and haverecovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171