WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of First Clover Leaf Financial Corp. (NASDAQ CM: FCLF)?
- Did you purchase any of your shares prior to April 26, 2016?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of First Clover Leaf Financial Corp. (“First Clover Leaf” or the “Company”) (NASDAQ CM: FCLF) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by First Mid-Illinois Bancshares, Inc. (“First Mid”) (NASDAQ GM: FMBH), in a transaction valued at approximately $90 million.
Click here to learn more: http://rigrodskylong.com/investigations/first-clover-leaf-financial-corp-fclf.
Under the terms of the agreement, shareholders of First Clover Leaf will receive either $12.87 in cash or 0.495 of a share of First Mid common stock for each share of First Clover Leaf they own.
The investigation concerns whether First Clover Leaf’s board of directors failed to adequately shop the Company and obtain the best possible value for First Clover Leaf’s shareholders before entering into an agreement with First Mid.
If you own the common stock of First Clover Leaf and purchased your shares before April 26, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://rigrodskylong.com/investigations/first-clover-leaf-financial-corp-fclf.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.