First Midwest Bancorp, Inc.
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FIRST MIDWEST MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF FIRST MIDWEST BANCORP, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – FMBI
June 1, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of First Midwest Bancorp, Inc. (NASDAQ: FMBI) to Old National Bancorp is fair to First Midwest shareholders. Under the terms of the merger agreement, First Midwest stockholders will receive 1.1336 shares of Old National common stock for each share of First Midwest common stock they own. Following completion of the transaction, former First Midwest stockholders are expected to collectively represent approximately 44% of the combined company.
The investigation concerns whether First Midwest and its board of directors 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 Midwest shareholders; (2) determine whether Old National is underpaying for First Midwest; and (3) disclose all material information necessary for First Midwest shareholders to adequately assess and value the merger consideration. On behalf of First Midwest 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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