NEW YORK, Sept. 14, 2012 /PRNewswire/ -- Harwood Feffer LLP ( www.hfesq.com) is investigating potential claims against the board of directors of Citizens Republic Bancorp, Inc. ("Citizens Republic" or the "Company") (NASDAQ: CRBC) concerning the proposed acquisition of the Company by FirstMerit Corp. ("FirstMerit") in a transaction valued at approximately $952 million.
On September 13, 2012, it was announced that Citizens Republic and FirstMerit have entered into a definitive agreement pursuant to which FirstMerit will acquire Citizens Republic. Under the agreement, Citizens Republic shareholders will receive 1.37 shares of FirstMerit common stock per Citizens Republic share held, an approximate value of $22.50 per share.
Our investigation concerns whether the Citizens Republic board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.If you own Citizens Republic shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact: Benjamin Sachs-Michaels, Esq. Robert I. Harwood, Esq.Harwood Feffer LLP488 Madison Avenue New York, New York 10022Phone Numbers: (877) 935-7400(212)935-7400Email: firstname.lastname@example.org Website: http://www.hfesq.com Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ( http://www.hfesq.com) for more information about the firm. Attorney Advertising © 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ( www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. SOURCE Harwood Feffer LLP