Latest news with #stocktransaction
Globe and Mail
a day ago
- Business
- Globe and Mail
Shareholder Alert: The Ademi Firm investigates whether BankFinancial Corporation is obtaining a Fair Price for its Public Shareholders
The Ademi Firm is investigating BankFinancial (Nasdaq: BFIN) for possible breaches of fiduciary duty and other violations of law in its transaction with First Financial Bancorp . Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of BankFinancial will receive 0.48 shares of First Financial common stock in an all-stock transaction valued at approximately $142 million, based on First Financial's August 8 closing stock price. BankFinancial insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for BankFinancial by imposing a significant penalty if BankFinancial accepts a competing bid. We are investigating the conduct of the BankFinancial board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Yahoo
04-08-2025
- Business
- Yahoo
Building products maker HNI to buy Steelcase in $2.2 billion deal
(Reuters) -HNI has agreed to buy peer Steelcase in a cash and stock transaction worth about $2.2 billion, the building products maker said on Monday. Steelcase's shares were up almost 40%, and HNI's were down 20% on low volumes in premarket trading. HNI's and Steelcase's geographic footprints and dealer networks are complementary, which will allow the combined company to serve small- and medium-sized businesses and larger corporates, HNI said. Upon the transaction's closing, expected by the end of 2025, HNI shareholders will own about 64% of the combined company and Steelcase shareholders will own the rest. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
