PR Newswire
MILWAUKEE, Sept. 5, 2024
MILWAUKEE, Sept. 5, 2024 /PRNewswire/ -- Ademi LLP is investigating CrossFirst (Nasdaq: CFB) for possible breaches of fiduciary duty and other violations of law in its transaction with Busey.
Click here to learn how to join our investigation https://www.ademilaw.com/case/crossfirst-bankshares-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, CrossFirst stockholders will receive 0.6675 shares of Busey common stock for each share held of CrossFirst common stock. Upon completion of the transaction, Busey's shareholders will own approximately 63.5% of the combined company and CrossFirst's shareholders will own approximately 36.5% of the combined company, on a fully-diluted basis, which will continue to trade on the Nasdaq under the "BUSE" stock ticker symbol.
The transaction agreement unreasonably limits competing transactions for CrossFirst by imposing a significant penalty if CrossFirst accepts a competing bid. CrossFirst insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of CrossFirst's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own CrossFirst common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/crossfirst-bankshares-inc.
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 LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
