Key Developments: First Merchants Corp (FRME.O)

FRME.O on Nasdaq

16.60USD
21 May 2013
Price Change (% chg)

$-0.02 (-0.12%)
Prev Close
$16.52
Open
$16.60
Day's High
$16.70
Day's Low
$16.53
Volume
78,073
Avg. Vol
71,847
52-wk High
$16.70
52-wk Low
$10.97

Search Stocks

Latest Key Developments (Source: Significant Developments)

Faruqi & Faruqi, LLP Seeking More Cash For Shareholders Of First Merchants Corp
Monday, 13 May 2013 08:05pm EDT 

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, is investigating the Board of Directors of First Merchants Corporation for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to CFS Bancorp, Inc. in a stock-for-stock deal valued at approximately $114.7 million. Under the terms of the proposed transaction, First Merchants' stockholders will receive 0.65 shares of CFS common stock for each share of First Merchants common stock they own, a total implied price of approximately $10.49 per share. The investigation focuses on whether First Merchants' 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 First Merchants' shareholders.  Full Article

First Merchants Corp Agrees To Buy CFS Bancorp Inc For About $115 Million-DJ
Monday, 13 May 2013 09:21am EDT 

Dow Jones reported that First Merchants Corp has agreed to buy CFS Bancorp Inc. for about $115 million in stock. Under the deal's terms, CFS shareholders will receive 0.65 shares of First Merchants for each share of CFS owned. The implied per-share price is about $10.49, a 14% premium over Friday's closing price. The deal is expected to be completed in the fourth quarter. The combined company, doing business as First Merchants Bank, expects to complete its integration during the first quarter of 2014.  Full Article

First Merchants Corp Announces Cash Dividend
Tuesday, 9 Apr 2013 04:18pm EDT 

First Merchants Corp announced that it declared a cash dividend on April 9, 2013 of $0.05 per share, payable on June 17, 2013, to shareholders of record on June 3, 2013. For purposes of broker trading, the ex-date of the cash dividend is May 30, 2013.  Full Article

First Merchants Corp Announces Cash Dividend
Monday, 4 Mar 2013 04:10pm EST 

First Merchants Corp announced that it has declared a cash dividend on March 4, 2013 of $0.03 per share, payable on March 18, 2013, to shareholders of record on March 4, 2013. For purposes of broker trading, the ex-date of the cash dividend is February 28, 2013.  Full Article

First Merchants Corp Announces Cash Dividend
Wednesday, 21 Nov 2012 02:36pm EST 

First Merchants Corp announced that a cash dividend on November 20, 2012 of $0.03 per share, payable on December 17, 2012, to shareholders of record on December 3, 2012. For purposes of broker trading, the ex-date of the cash dividend is November 28, 2012.  Full Article

First Merchants Corp Announces Cash Dividend
Wednesday, 22 Aug 2012 01:56pm EDT 

First Merchants Corp announced that it declared a cash dividend on August 21, 2012 of $0.03 per share, payable on September 17, 2012, to shareholders of record on September 4, 2012. For purposes of broker trading, the ex-date of the cash dividend is August 30, 2012.  Full Article

First Merchants Corp. Announces Cash Dividend
Friday, 27 Apr 2012 01:36pm EDT 

First Merchants Corp. announced that the Company has declared a cash dividend on April 27, 2012, of $0.03 per share, payable on June 18, 2012, to shareholders of record on June 4, 2012. For purposes of broker trading, the ex-date of the cash dividend is May 31, 2012.  Full Article

First Merchants Corp. Announces Cash Dividend
Tuesday, 21 Feb 2012 12:42pm EST 

First Merchants Corp. announced that it has declared a cash dividend on February 21, 2012 of $0.01 per share, payable on March 19, 2012, to shareholders of record on March 5, 2012. For purposes of broker trading, the ex-date of the cash dividend is March 1, 2012.  Full Article

First Merchants Corp. Announces Cash Dividend
Tuesday, 1 Nov 2011 03:37pm EDT 

First Merchants Corp. announced that it has declared a cash dividend on October 31, 2011 of $0.01 per share, payable on December 19, 2011, to shareholders of record on December 5, 2011. For purposes of broker trading, the ex-date of the cash dividend is December 2, 2011.  Full Article

First Merchants Corp. Announces $21.2 Million Capital Raise And Intent to Repay $116 Million TARP Capital Purchase Program Investment
Friday, 9 Sep 2011 09:11am EDT 

First Merchants Corp. announced that it has raised $21.2 million in a direct private placement of its common stock. First Merchants also announced that it has received preliminary approval to receive an investment of approximately $90.8 million in the Company’s preferred stock through the Small Business Lending Fund (SBLF). First Merchants intends to utilize the proceeds from the private placement and participation in the SBLF program to fully repay the United States Treasury Department’s $116 million investment in First Merchants through its TARP Capital Purchase Program.  Full Article

First Merchants Corp News

» More FRME.O News

Earnings vs. Estimates

» More Financials
Search Stocks