First M&F Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Merger with Renasan
Feb 8th 2013 11:35AM
Updated Feb 8th 2013 1:00PM
First M&F Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Merger with Renasant Corp.
DALLAS--(BUSINESS WIRE)-- 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."
The 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.
Powers 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.
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