Shareholder rights law firm Robbins LLP is investigating Fifth Third Bancorp /zigman2/quotes/207561596/composite FITB +1.38% for potential material misstatements and violations of federal securities laws pursuant to its March 2019 acquisition of MB Financial, Inc. On March 21, 2018, Fifth Third Bancorp and MB Financial announced the signing of a merger agreement in which MB Financial would merge with Fifth Third in a transaction valued at approximately $4.7 billion. Shareholders of MB Financial received 1.45 shares of Fifth Third common stock and $5.54 in cash for each share of MB Financial common stock they owned. The merger was completed on March 22, 2019. Since the merger, shares of Fifth Third have declined precipitously, and it currently trades at around $18 per share.
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Fifth Third Bancorp (FITB) Shareholders Have Legal Options
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SOURCE: Robbins LLP
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