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FirstMerit Corporation (FMER)

NasdaqGS:FMER

Summary

Faruqi & Faruqi, LLP Announces the Investigation of FirstMerit Corporation (FMER) Over the Proposed Sale of the Company to Huntington Bancshares Incorporated

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of FirstMerit Corporation (“FirstMerit” or the “Company”) (NasdaqGS:FMER) for potential breaches of fiduciary duties in connection with the sale of the Company to Huntington Bancshares Incorporated for approximately $3.4 billion. 

The Company’s stockholders will only receive $5.00 in cash and 1.72 shares of Huntington common stock for each share of Company common stock they own, or approximately $19.21 per share based on the closing price on January 27, 2016. However, this consideration is below at least one analyst's price target of $22.86 per share and FirstMerit’s 52-week high of $21.49 per share.

If you own common stock in FirstMerit 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 jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

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information at no cost to you on how to join the Class Action.

  • Company:
    FirstMerit Corporation (FMER)
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Contact Counsel

MergerInfo Request
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

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Case Details

Date:

  • 01/28/2016

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