MILWAUKEE, Oct. 29, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating MutualFirst (Nasdaq:MFSF) for
possible breaches of fiduciary duty and other violations of the law
in connection with the sale of MutualFirst to Northwest.
Click here to learn how to join the action:
http://ademilaw.com/case/mutualfirst-financial-inc or call
Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges MutualFirst's financial
outlook is improving and yet shareholders will receive 2.4 shares
of Northwest common stock for each common share of MutualFirst
or only the equivalent of $39.89
per share (based on Northwest's 15-day volume weighted average
closing stock price ending on October 23,
2019), or approximately $346
million in the aggregate. The merger agreement unreasonably
limits competing bids for MutualFirst by prohibiting solicitation
of further bids, and imposing a termination penalty if MutualFirst
accepts a superior bid. MutualFirst insiders will receive millions
of dollars as part of change of control arrangements. We are
investigating the conduct of MutualFirst's board of directors, and
whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for
MutualFirst.
If you own common stock in MutualFirst and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or
http://ademilaw.com/case/mutualfirst-financial-inc.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP