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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Talmer Bancorp Inc (NASDAQ: TLMR) acted responsibly on behalf of investors’ profitability in the planned $1.1 billion sale to Chemical Financial Corporation (NASDAQ: CHFC).
On January 26, 2016, Talmer Bancorp Inc (NASDAQ: TLMR) and Chemical Financial Corporation (NASDAQ: CHFC) announced that they had entered into a merger agreement. Under the terms of the agreement, shareholders of Talmer will receive $1.61 in cash and 0.4725 shares of Chemical per share, the value of which is equivalent to approximately $15.64 per Talmer share.
Based in Troy, Michigan, and founded in 2003 Talmer Bancorp Inc provides various commercial and retail banking products and services to businesses and individuals.
The investigation is looking to uncover whether Talmer Bancorp Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $21.00 per share.
If you purchased Talmer Bancorp Inc (NASDAQ: TLMR) 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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