1. Ademi Firm is investigating BankFinancial for fiduciary duty breaches. 2. BFIN shareholders to receive 0.48 shares of First Financial stock. 3. Transaction may limit competing offers for BankFinancial. 4. Insiders likely to gain significant benefits from the deal.
The investigation into breaches of fiduciary duty can lead to negative sentiment, impacting stock price. Past instances show stock declines during similar investigations.
Investigations can severely impact investor confidence, thus affecting BFIN's stock performance. Historical events indicate significant stock movements tied to legal scrutiny.
Immediate investor concern may lead to price fluctuations, as seen in previous fiduciary breach cases. Potential delays or adjustments in the deal could further affect stock price in the short run.
The Ademi Firm is investigating BankFinancial (NASDAQ:BFIN) for possible breaches of fiduciary duty and other violations of law in its transaction with First Financial Bancorp.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of BankFinancial will receive 0.48 shares of First Financial common stock in an all-stock transaction valued at approximately $142 million, based on First Financial's August 8 closing stock price. BankFinancial insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for BankFinancial by imposing a significant penalty if BankFinancial accepts a competing bid. We are investigating the conduct of the BankFinancial board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001