NEW YORK, Feb. 11, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of First M&F Corporation ("M&F" or the "Company") (NasdaqGS: FMFC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Renasant Corporation ("Renasant") (NasdaqGS: RNST).
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Under the terms of the transaction, M&F shareholders will receive 0.6425 shares of Renasant stock for each share of M&F stock they own; based on the 10-day average closing price of Renasant stock, this represents an approximate value of $12.35 per share. The investigation concerns whether the M&F Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Renasant is underpaying for M&F shares, thus unlawfully harming M&F stockholders.
If you own common stock in M&F and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/first-mf-fmfc/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP