Johnson Fistel Investigates Proposed Sale of MB Financial, Inc.

21May - by Editor - 0 - In STL.News



Johnson Fistel Investigates Proposed Sale of MB Financial, Inc.

SAN DIEGO,  CA – Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of MB Financial, Inc. (“MB Financial”) (NASDAQ: MBFI) breached their fiduciary duties in connection with the proposed sale of the Company to Fifth Third Bancorp (“Fifth Third”)(NASDAQ: FITB).

On May 21, 2018, MB Financial announced that it had signed a definitive merger agreement with Fifth Third. Under terms of the deal, MB Financial shareholder will receive $54.20, comprising 1.45 shares of Fifth Third common stock and $5.54 in cash.

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