NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally acknowledged stockholder rights regulation agency, has launched an investigation into whether or not the board members of TCF Monetary Company (NASDAQ: TCF) breached their fiduciary duties or violated the federal securities legal guidelines in reference to the corporate’s acquisition by Huntington Bancshares Included (NASDAQ: HBAN).
Click on here to study extra and take part within the motion.
On December 13, 2020, TCF introduced that it had signed an settlement to be acquired by Huntington for about $6 billion. Pursuant to the merger settlement, TCF stockholders will obtain 3.0028 shares of Huntington frequent inventory for every share of TCF frequent inventory owned. The deal is scheduled to shut within the second quarter of 2021.
Bragar Eagel & Squire is worried that TCF’s board of administrators oversaw an unfair course of and finally agreed to an insufficient merger settlement. Accordingly, the agency is investigating all related points of the deal and is dedicated to securing the very best outcome attainable for TCF’s stockholders.
For those who personal shares of TCF and are involved in regards to the proposed merger, or you have an interest in studying extra in regards to the investigation or your authorized rights and treatments, please contact Melissa Fortunato or Alexandra Raymond by e mail at email@example.com or phone at (212) 355-4648, or by filling out this contact form. There isn’t any value or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally acknowledged regulation agency with workplaces in New York and California. The agency represents particular person and institutional traders in industrial, securities, spinoff, and different advanced litigation in state and federal courts throughout the nation. For extra details about the agency, please go to www.bespc.com. Lawyer promoting. Prior outcomes don’t assure comparable outcomes.