Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Taylor Capital Group Inc. Over the Proposed Sale of the Company to MB Financial Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Taylor Capital Group Inc. (“Taylor” or the “Company”) (TAYC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to MB Financial Inc. (MBFI) in stock and cash deal valued at $627.7 million. Under the terms of the proposed transaction, Taylor’s stockholders will receive 0.64318 of MB Financial stock and $4.08 in cash for each share of Taylor stock they own, representing a value of approximately $21.58 per share.
The investigation focuses on whether Taylor’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Taylor’s shareholders.
If you own common stock in Taylor and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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