Key Developments: Firstbank Corp (FBMI.O)

FBMI.O on Nasdaq

18.18USD
17 Apr 2014
Price Change (% chg)

$-0.37 (-1.99%)
Prev Close
$18.55
Open
$18.50
Day's High
$18.81
Day's Low
$18.17
Volume
9,816
Avg. Vol
6,957
52-wk High
$20.79
52-wk Low
$12.50

Search Stocks

Latest Key Developments (Source: Significant Developments)

Firstbank Corp declares cash dividend
Thursday, 20 Feb 2014 04:30pm EST 

Firstbank Corp:Declares a $0.06 per share cash dividend.Payable on Mar. 27, to common stock shareholders of record as of Mar. 11.  Full Article

Firstbank Corp announces cash dividend
Tuesday, 3 Dec 2013 04:15pm EST 

Firstbank Corp:Declares a $0.06 per share cash dividend will be paid Dec. 26, to common stock shareholders of record as of Dec. 13.  Full Article

Faruqi & Faruqi, LLP Launches Investigation Of Firstbank Corporation Over the Proposed Sale To Mercantile Bank Corp.
Friday, 13 Sep 2013 03:00pm EDT 

Faruqi & Faruqi, LLP announced that it is investigating the Board of Directors of Firstbank Corporation for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Mercantile Bank Corp. in a deal valued at approximately $216 million. Under the terms of the proposed transaction, Firstbank`s shareholders will receive one share of Mercantile common stock, worth about $20.27 per share based on September 12 closing prices, for each share of Firstbank common stock they own. The investigation focuses on whether Firstbank`s 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 Firstbank shareholders.  Full Article

Firstbank Corp Announces Cash Dividend On Common Stock
Tuesday, 27 Aug 2013 08:30am EDT 

Firstbank Corp announced that a $0.06 per share cash dividend will be paid September 26, 2013, to common stock shareholders of record as of September 10, 2013.  Full Article

Morgan & Morgan Announces Investigation of Firstbank Corp
Friday, 23 Aug 2013 04:28pm EDT 

Morgan & Morgan announced that it is investigating potential legal claims against the board of directors of Firstbank Corp (Firstbank) regarding possible breaches of fiduciary duties and other violations of law related to the announced merger of Firstbank with Mercantile Bank Corp. Under the terms of the proposal, public shareholders of Firstbank will receive one share of Mercantile Bank Corp. common stock for each share of Firstbank common stock they own. This represents a value of approximately $18.77 per share. Upon completion of merger, Firstbank shareholders will own 48% of the post-merger company.  Full Article

The Law Offices of Vincent Wong Investigates the Acquisition of Firstbank Corp
Tuesday, 20 Aug 2013 01:30pm EDT 

The Law Offices of Vincent Wong announced that they are investigating potential claims against the Board of Directors of Firstbank Corp regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Mercantile Bank Corp.  Full Article

Rigrodsky & Long, P.A. Announces Investigation Of Firstbank Corp Buyout
Monday, 19 Aug 2013 05:34pm EDT 

Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Firstbank Corp regarding possible breaches of fiduciary duties and other violations of law related to the Company`s entry into an agreement to be acquired by Mercantile Bank Corporation (Mercantile) in a transaction valued at approximately $151.5 million.  Full Article

Ryan & Maniskas, LLP Announces Investigation Of Firstbank Corp
Friday, 16 Aug 2013 10:35am EDT 

Firstbank Corp announced that it is investigating potential claims against the board of directors of Firstbank Corporation (Firstbank or the Company) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Mercantile Bank Corporation (Mercantile) in a transaction valued at approximately $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.  Full Article

Rigrodsky & Long, P.A. Announces Investigation Of Firstbank Corp Buyout
Thursday, 15 Aug 2013 05:17pm EDT 

Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Firstbank Corporation (Firstbank or the Company) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Mercantile Bank Corporation (Mercantile) in a transaction valued at approximately $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.  Full Article

Finkelstein Thompson LLP Announces Investigation Of Firstbank Corp
Thursday, 15 Aug 2013 12:47pm EDT 

The law firm of Finkelstein Thompson LLP announced that it is investigating potential claims on behalf of shareholders of Firstbank Corporation (Firstbank or the Company), concerning the Company's proposed acquisition by Mercantile Bank Corp. (Mercantile). Under the terms of the merger agreement, Firstbank shareholders will receive a fixed ratio of one share of Mercantile common stock for each share of Firstbank common stock they own. This implies a transaction value of $18.77 per share based on the closing price of Mercantile on August 14, 2013. The total deal is valued at approximately $151.5 million. The investigation is focused on the potential unfairness of the consideration to shareholders, the process by which Firstbank`s Board of Directors considered the transaction, and potential conflicts of interest among the Company's Board members.  Full Article

Search Stocks