FIRSTBANK SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Launches an Investigation
of Firstbank Corporation (FBMI) Over the Proposed Sale of the Company to
Mercantile Bank Corp. (MBWM)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Firstbank Corporation
NEW YORK -- September 13, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating the Board of
Directors of Firstbank Corporation (“Firstbank” or the “Company”) (NasdaqGS:
FBMI) for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Mercantile Bank Corp.
(“Mercantile”) (NasdaqGM: MBWM) in a deal valued at approximately $216
million. Under the terms of the proposed transaction, Firstbank’s shareholders
will receive one share of Mercantile common stock, worth about $20.27 per
share based on September 12 closing prices, for each share of Firstbank common
stock they own.
Request more information now by clicking here: www.faruqilaw.com/FBMI. There
is no cost or obligation to you.
The investigation focuses on whether Firstbank’s Board of Directors breached
their fiduciary duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether and by how much this proposed transaction undervalues the
Company to the detriment of Firstbank shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients.
If you own common stock in Firstbank and wish to obtain additional information
and protect your investments free of charge, please visit us at
www.faruqilaw.com/FBMI or contact Juan E. Monteverde, Esq. either via e-mail
at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212)
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible
for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior
results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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