SAN DIEGO, June 21, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Talmer Bancorp, Inc. (formerly traded on NASDAQ: TLMR) breached their fiduciary duties in connection with the sale of the Company to Chemical Financial Corp. (NASDAQ: CHFC).
On August 31, 2016, Chemical Financial announced they completed its previously announced merger with Talmer. Talmer shareholders received 0.4725 shares of Chemical Financial common stock and $1.61 per share in cash.
The investigation concerns whether the Talmer board failed to satisfy their duties to the Company shareholders, including whether the board had adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Talmer shares of common stock.
If you were a shareholder of Talmer and believed the proposed buyout price was too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP