SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible
Breaches of Fiduciary Duty by the Board of Firstbank Corporation
NEW YORK, Aug. 19, 2013
NEW YORK, Aug. 19, 2013 /PRNewswire/ --Levi & Korsinsky is investigating the
Board of Directors of Firstbank Corporation (NasdaqGS: FBMI) ("Firstbank" or
"the Company") for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Mercantile Bank Corp.
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Click here to learn more about the investigation
http://zlk.9nl.com/firstbank-fbmi/, or call: 877-363-5972. There is no cost or
obligation to you.
Under the terms of the transaction, Firstbank shareholders will receive one
share of Mercantile common stock for each share of Firstbank common stock they
own. This represents a value of approximately $18.77 per share. Upon
completion of the merger, Firstbank shareholders will own 48% of the
post-merger company. The investigation concerns whether the Firstbank Board of
Directors breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the transaction, and
whether Mercantile Bank Corporation is underpaying for Firstbank, thus
unlawfully harming Firstbank shareholders.
If you own Firstbank common stock and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
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
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
SOURCE Levi & Korsinsky
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