BALA CYNWYD, Pa., July 16, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Taylor Capital Group, Inc. ("Taylor Capital" or the "Company") (Nasdaq: TAYC) relating to the proposed acquisition by MB Financial, Inc.
Click here to learn more about the investigation http://brodsky-smith.com/614-tayc-taylor-capital-group-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Taylor Capital shareholders will receive only 0.64318 shares of MB Financial and $4.08 in cash for each share of Taylor Capital stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Taylor Capital for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as Taylor Capital results continue to be both outstanding and reflect sustained progress. For example, Taylor Capital exceeded analyst earning per share expectations for the sixth time in the past nine quarters.
In addition, the investigation seeks to determine if conflicts of interests played a role in the transaction. Upon the close of the merger the President and CEO of Taylor Capital will become president and CEO at a MB Financial subsidiary. In addition, two current Taylor Capital board members will join the MB Financial board of directors.If you own shares of Taylor Capital common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by visiting http://brodsky-smith.com/614-tayc-taylor-capital-group-inc.html, calling toll free 877-LEGAL-90. Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.