MILWAUKEE,Dec. 14, 2020/PRNewswire/ -- Ademi LLP is investigating TCF Financial Corporation (Nasdaq: TCF) for possible breaches of fiduciary duty and other violations of the law in its transaction with Huntington.
Click here to learn how to join the action: http://ademilaw.com/case/tcf-financial-corporation or callGuri Ademitoll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges TCF's financial outlook is improving and yet TCF shareholders will receive only the equivalent of approximately$38to$39per share in an all-stock deal as ofDecember 14, 2020. The merger agreement unreasonably limits competing bids for TCF by prohibiting solicitation of further bids, and imposing a termination penalty if TCF accepts a superior bid. TCF insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of TCF's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for TCF.
If you own common stock in TCF and wish to obtain additional information, please contactGuri Ademieither at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/tcf-financial-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLPGuri AdemiToll Free: (866) 264-3995Fax: (414) 482-8001
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SOURCE Ademi LLP