NEW YORK--(BUSINESS WIRE)--WeissLaw LLP, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of First M&F Corporation (“M&F” or the “Company”) (NASDAQ: FMFC) arising from its agreement for M&F to be acquired by Renasant Corporation (“Renasant”). Under the terms of the proposed transaction, M&F shareholders will receive a fixed .6425 shares of Renasant common stock for each share of M&F stock they own, representing a value of approximately $12.35 per share, based on Renasant’s average ten-day closing price ended February 4, 2013.
WeissLaw LLP is investigating whether M&F’s Board acted in the best interests of its public shareholders by actively shopping the Company to maximize shareholder value for M&F’s public shareholders, prior to entering into the proposed transaction with Renasant. M&F recently announced its results for 2012 reporting net income of $6.985 million, or $0.54 basic and diluted earnings per share, as compared to net income of $4.373 million, or $0.28 basic and diluted earnings per share, for 2011, a 93% improvement in common earnings per share. If you own M&F shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Kelly C. Keenan either by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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