First Interstate BancSystem, Inc.
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FIRST INTERSTATE BANCSYSTEM MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF FIRST INTERSTATE BANCSYSTEM, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – FIBK
September 16, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of First Interstate BancSystem, Inc. (NASDAQ: FIBK) and Great Western Bancorp, Inc. is fair to First Interstate BancSystem shareholders. Under the terms of the agreement, Great Western shareholders will receive .8425 shares of First Interstate BancSystem Class A common stock for each Great Western share they own. Following completion of the transaction, First Interstate BancSystem shareholders will collectively own 57% of the combined company.
The investigation concerns whether First Interstate BancSystem and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for First Interstate BancSystem shareholders; and (2) disclose all material information necessary for First Interstate BancSystem shareholders to adequately assess and value the merger consideration. On behalf of First Interstate BancSystem shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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