SHAREHOLDER ALERT: WeissLaw LLP Investigates FBL Financial Group, Inc.
Jan 19, 2021 12:10 PM ET
Legal Newswire POWERED BY LAW.COM
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of FBL Financial Group, Inc. in connection with the proposed interested-party acquisition of the Company by Farm Bureau Property & Casualty Insurance Company ("FBPCIC"), an insurance company serving clients in eight Midwest and Western states. Under the terms of the agreement, the Company's shareholders will receive $56.00 in cash for each share of FBL Financial common stock that they hold. FBPCIC and Iowa Farm Bureau Federation, a not-for-profit, grassroots advocacy organization, together control approximately 61% of the Company's outstanding common stock.
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether (i) FBL Financial's special committee of the board of directors was truly independent and acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $56.00 per-share merger consideration adequately compensates FBL Financial's shareholders; and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, multiple analysts have set a price target of $65.00 for the Company, $9.00 above the proposed merger consideration.
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 [email protected]
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