SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Taylor Capital Group, Inc. -- TAYC

NEW YORK, July 15, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Taylor Capital Group, Inc. ("Taylor Capital" or the "Company") (NASDAQ: TAYC) (ISIN: US8768511060) (CUSIP: 876851106) concerning the proposed acquisition of Taylor Capital Group, Inc. by MB Financial, Inc. ("MB Financial").

The investigation concerns whether the Taylor Capital directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value.  Under the terms of the agreement, Taylor Capital shareholders will be entitled to receive a per share merger consideration currently valued at approximately $22.00 per Taylor Capital share, inclusive of stock option, warrant and restricted stock cash-outs. Upon completion of the merger, each share of Taylor Capital common stock and nonvoting preferred stock will be converted into the right to receive (1) 0.64318 shares of MB Financial common stock and (2) $4.08 in cash, representing an aggregate consideration mix of approximately 81% MB Financial stock and 19% cash. However, the offered price to EBITDA and Net Income multiples are below comparable transactions' averages.  Taylor Capital's Chief Executive Officer and at least two Taylor Capital board members will stay with the new company following the merger.

Taylor Capital shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at [e-mail] or 212-661-1100 or 888-476-6529, ext. 237.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT:
Robert Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
212-661-1100 ext. 237
[e-mail] 

SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP

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