Cases
TCF Financial Corporation (TCF)
Merger
Overview
Overview
- Date:
- 1/28/2019
- Company Name:
- TCF Financial Corporation
- Stock Symbol:
- TCF
- Company Name - Buyer:
- Chemical Financial Corporation
- Stock Symbol - Buyer:
- CHFC
- Status:
- Closed/Complete
- Merger Announcement Date:
- 1/28/2019
NEW YORK, January 28, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of TCF Financial Corporation (NYSE: TCF) on behalf of stockholders concerning the proposed acquisition of the company by Chemical Financial Corporation (NASDAQ: CHFC).
Pursuant to the proposed transaction, announced on January 28, 2019, TCF stockholders will receive 0.5081 shares of Chemical for each share of TCF common stock owned. The investigation focuses on whether TCF and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own TCF shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on January 28, 2019, TCF stockholders will receive 0.5081 shares of Chemical for each share of TCF common stock owned. The investigation focuses on whether TCF and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own TCF shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.