The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Taylor Capital Group, Inc. (“Taylor Capital” or the “Company”) (NASDAQ: TAYC) and other violations of state law by the board of directors of Taylor Capital relating to the proposed merger of the Company with MB Financial, Inc. The firm’s investigation seeks to determine, among other things, whether the board of directors of Taylor Capital breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed merger, Taylor Capital shareholders will receive (1) 0.64318 shares of MB Financial common stock and (2) $4.08 in cash for each share of Taylor Capital common stock they own. According to the press release, at the time of the announcement the merger consideration value was approximately $22.00 per Taylor Capital share.
If you currently own common stock of Taylor Capital and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at
, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.