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CITZ Cfs Bancorp, Inc. (MM)

12.35
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cfs Bancorp, Inc. (MM) NASDAQ:CITZ NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 12.35 0 01:00:00

Partner Juan E. Monteverde of Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp, Inc. (CITZ)

12/07/2013 12:00am

Business Wire


Cfs Bancorp, Inc. (MM) (NASDAQ:CITZ)
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Juan Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CFS Bancorp Inc. (“CFS” or the “Company”) (NasdaqGM: CITZ) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to First Merchants Corporation (NasdaqGS: FRME) in a stock for stock deal valued at approximately $129.28 million. Under the terms of the proposed transaction, CFS stockholders will receive 0.65 shares of First Merchants Corporation stock for each share of CFS stock they own, representing a value of approximately $11.86 per share. According to Yahoo! Finance, at least one financial analyst has set a price target of $15.11 for CFS.

Request more information now by clicking here: www.faruqilaw.com/CITZ. There is no cost or obligation to you.

The investigation focuses on whether CFS’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of CFS’ 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.

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

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

1 Year Cfs Bancorp, Inc. (MM) Chart

1 Year Cfs Bancorp, Inc. (MM) Chart

1 Month Cfs Bancorp, Inc. (MM) Chart

1 Month Cfs Bancorp, Inc. (MM) Chart

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