Shareholder Alert: The Ademi Firm investigates whether First Savings Financial Group Inc. is obtaining a Fair Price for its Public Shareholders
Group 1 - The Ademi Firm is investigating First Savings (Nasdaq: FSFG) for potential breaches of fiduciary duty and other legal violations related to its transaction with First Merchants [1] - Shareholders of First Savings will receive 0.85 shares of First Merchants common stock for each share of First Savings stock, implying a consideration of $33.60 per share based on First Merchants' closing price of $39.53 on September 24 [2] - The transaction agreement restricts competing offers for First Savings by imposing a significant penalty for accepting a competing bid, raising concerns about the First Savings board's fulfillment of fiduciary duties to shareholders [3]