Mercantile Bank Corporation (MBWM) announced that it entered into a definitive merger agreement to acquire all common shares of Firstbank Corporation (FBMI). The proposed transaction values Firstbank at roughly $151.5 million. Under the terms of the proposal, public shareholders of Firstbank will receive 1.00 share of Mercantile common stock for each share of Firstbank they own. Based upon Mercantile’s closing stock price on August 14, 2013, Firstbank shareholders would have received consideration valued at approximately $18.77 per share.
If you own the common stock of Firstbank and if you have information or would like to learn more about how to begin a cost free corporate review of this merger, please fill out the contact form on this web page or call Attorney George Pressly at 1-(800)-631-6234.
State security laws provide shareholders a no cost means to question a proposed sale of a publicly traded company. This review process is deemed a shareholder class action and affords at times shareholders an avenue to investigate fully the proposed transaction. At minimum, this process often obtains answers to the above questions. If you own the common stock of Firstbank and if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please fill out the contact form on this web page.