Faruqi & Faruqi, LLP Announces the Investigation of Talmer Bancorp, Inc. (TLMR) Over the Proposed Sale of the Company to Chemical Financial Corp.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Talmer Bancorp, Inc. (“Talmer” or the “Company”) (NasdaqCM:TLMR) for potential breaches of fiduciary duties in connection with the sale of the Company to Chemical Financial Corp. for approximately $1.1 billion.
The Company’s stockholders will only receive .4725 shares of the acquirer’s common stock and $1.61 in cash, or approximately $15.64, for each share of Company common stock they own. However, this offer is below the lowest analyst price target of $16.00 per share and the 52-week high.
If you own common stock in Talmer and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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New York, NY 10017
Tel: (212) 983-9330
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