NEW YORK, June 20, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, notifies investors of class action against Talmer Bancorp, Inc. ("Talmer" or "the Company") (NASDAQ: TLMR). The class action has been filed in the Eastern District of Michigan on behalf of a class consisting of all persons or entities who purchased Talmer common stock on January 26, 2016, in connection with the proposed acquisition of Talmer by Chemical Financial Corporation ("Chemical").
This class action seeks to recover damages against Defendants, Talmer, its Board of Directors (the "Board") and Chemical, for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
Talmer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Chemical on January 25, 2016. The Merger Agreement in the "Proposed Acquisition" stated that Chemical would obtain Talmer by buying all of its remaining shares at a $0.4725 per share of Chemical common stock and $1.61 in per share of Talmer common stock. Once stocks are purchased, Talmer would merge into Chemical.
The Complaint alleges that Defendants forced Talmer and Chemical to file a Joint Preliminary Prospectus/Joint Proxy Statement on Form S-4 (the "Proxy") on March 31, 2016 in effort to secure shareholder support for the Proposed Acquisition. The Proxy encouraged Talmer investors to vote in favor of the Proposed Acquisition, and failed to disclose material information essential for shareholders to make informed decisions regarding the Proposed Acquisition, including material information about the biased sales procedure, conflicts of interest, the unfair consideration offered in the Proposed Acquisition, the real worth of Talmer on an individual basis and as to be acquired by Chemical, and the data, inputs and assumptions Talmer's and Chemical's financial advisors employed in their fairness analyses.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action, visit the firm's website: http://www.bgandg.com/#!tlmr/ldzbz. To discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Talmer you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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SOURCE Bronstein, Gewirtz & Grossman, LLC