NEW YORK, Nov. 4, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Level One Bancorp, Inc. («Level One» or the «Company») (NASDAQ: LEVL) in connection with the proposed merger of the Company with First Merchants Corporation («First Merchants») (NASDAQ: FRME). Under the terms of the merger agreement, Level One shareholders will receive $10.17 in cash and 0.7167 shares of First Merchants common stock for each share of Level One common stock that they hold, representing implied per-share merger consideration of $40.17 based upon First Merchants’ November 4, 2021 closing price of $41.86.
If you own Level One shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
WeissLaw LLP is investigating whether (i) Level One’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the merger consideration is fair to Level One’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
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SOURCE WeissLaw LLP