First M & F Corporation : First M&F Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Merger with Renasant Corp.
02/08/2013| 11:25am US/Eastern
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of First M&F Corp. ("FMFC")
(NasdaqGS: FMFC) to Renasant Corp. for shareholders. Under the terms of
the proposed merger, FMFC shareholders will receive 0.6425 shares of
Renasant common stock for each share of FMFC stock owned, which based on
Renasant's 10-day average closing price (as of February 4), is valued at
approximately $12.35 per share.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The FMFC sale investigation centers on whether FMFC's shareholders are
receiving adequate compensation for their shares in the proposed going
private deal, whether the transaction undervalues FMFC's stock, and
whether FMFC's board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. According to shareholder
rights attorney Patrick Powers, "based on the nature of this stock for
stock transaction and other factors, we believe this transaction may
undervalue FMFC's stock. Our proposed lawsuit will seek to obtain the
highest share price for all shareholders."
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Zach Groover, 877-728-9607
© Business Wire 2013