FIRSTMERIT SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of FirstMerit Corporation (FMER) Over the Proposed Sale of the Company to Huntington Bancshares Incorporated

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of FirstMerit Corporation

Feb 01, 2016, 16:07 ET from Faruqi & Faruqi, LLP

NEW YORK, Feb. 1, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of FirstMerit Corporation ("FirstMerit" or the "Company") (NasdaqGS: FMER) for potential breaches of fiduciary duties in connection with the sale of the Company to Huntington Bancshares Incorporated for approximately $3.4 billion

The Company's stockholders will only receive $5.00 in cash and 1.72 shares of Huntington common stock for each share of Company common stock they own, or approximately $19.76 per share based on the closing price on January 29, 2016. However, this consideration is below at least one analyst's price target of $22.86 per share and FirstMerit's 52-week high of $21.49 per share.

Click here for more information: www.faruqilaw.com/FMER.  There is no cost or obligation to you.

The investigation focuses on whether FirstMerit's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of FirstMerit's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation.  The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in FirstMerit and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FMER or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Contact:

Faruqi & Faruqi, LLP 685 3rd Avenue, 26th Floor New York, NY 10017 Attn: Juan Monteverde, Esq. jmonteverde@faruqilaw.com Toll Free: (877) 247-4292 Phone:    (212) 983-9330

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