NEW YORK, June 01, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of First Midwest Bancorp, Inc. (NASDAQ: FMBI) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with Old National Bancorp (NASDAQ: ONB).
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On June 1, 2021, First Midwest announced that it had signed an agreement to merge with Old National in an all-stock merger. Pursuant to the merger agreement, First Midwest stockholders will receive 1.1336 shares of common stock for each share of First Midwest common stock owned. The deal is scheduled to close in late 2021 or early 2022.
Bragar Eagel & Squire is concerned that First Midwest’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for First Midwest’s stockholders.
If you own shares of First Midwest and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at investigations@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com