Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of FirstMerit Corporation (NASDAQ: FMER) acted responsibly on behalf of investors’ profitability in the planned $3.4 billion sale to Huntington Bancshares Incorporated (NASDAQ: HBANP).

On January 26, 2016, FirstMerit Corporation (NASDAQ: FMER) and Huntington Bancshares Incorporated (NASDAQ: HBANP) announced that they had entered into a merger agreement. Under the terms of the merger agreement, FirstMerit shareholders will receive only $5.00 in cash and 1.72 shares of Huntington common stock for each share of FirstMerit stock they own. The transaction values FirstMerit at approximately $20.14 per share.

Based in Akron, Ohio, and founded in 1845 FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A., providing numerous banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers.

The investigation is looking to uncover whether FirstMerit Corporation was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $24.78 per share.

If you purchased FirstMerit Corporation (NASDAQ: FMER) prior to January 26, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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