SHAREHOLDER ALERT: Levi & Korsinsky Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Taylor Capital Group Inc. In Connection With The Sale Of The Company To MB Financial Inc.
NEW YORK, July 17, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Taylor Capital Group, Inc. (" Taylor" or the "Company") (Nasdaq: TAYC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to MB Financial Inc. (Nasdaq: MBFI).
Click here to learn more about the investigation http://zlk.9nl.com/taylor-capital-group-tayc/ , or call: 877-363-5972. There is no cost or obligation to you.Under the terms of the transaction, Taylor shareholders will receive 0.64318 shares of MB Financial Inc. and $4.08 in cash for each share of Taylor stock they own, representing a value of approximately $22.00 per share. The transaction has a total approximate value of $680 million in cash and stock. The investigation concerns whether the Taylor Board of Directors breached their fiduciary duties to stockholders by acting in its best interest, rather than that of shareholders, whether the Board failed to adequately shop the Company before agreeing to enter into the transaction, and whether MB Financial Inc. is underpaying for Taylor, thus unlawfully harming Taylor shareholders. Following the merger, members of Taylor's Board will join the MB Financial Inc. Board. If you own common stock in Taylor and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/taylor-capital-group-tayc/ . Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP
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