NEW YORK, NY / ACCESSWIRE / December 2, 2021 / Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Level One Bancorp, Inc. (NASDAQ:LEVL) to First Merchants Corporation is fair to Level One shareholders. Under the terms of the merger, Level One shareholders will have the right to receive 0.7167 shares of First Merchants common stock and $10.17 in cash for each share of Level One common stock owned.
Halper Sadeh encourages Level One shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether Level One and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Level One shareholders; (2) determine whether First Merchants is underpaying for Level One; and (3) disclose all material information necessary for Level One shareholders to adequately assess and value the merger consideration. On behalf of Level One shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh encourages Level One shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com
SOURCE: Halper Sadeh LLP