NEW YORK , April 12, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Mackinac Financial Corporation ("Mackinac" or the "Company") (NASDAQ: MFNC) in connection with the proposed acquisition of the Company by Nicolet Bankshares, Inc. ("Nicolet") (NASDAQ: NCBS). Under the terms of the merger agreement, Mackinac shareholders will receive $4.64 in cash and 0.22 shares of Nicolet common stock for each Mackinac share that they own, representing implied consideration of $23.25 based upon Nicolet's April 12, 2021 closing price of $84.60 . The transaction is valued at approximately $248 million .
If you own Mackinac shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
http://www.weisslawllp.com/MFNC
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16 th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw LLP is investigating whether (i) Mackinac's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the merger consideration adequately compensates Mackinac'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 stockinfo@weisslawllp.com
View original content to download multimedia: http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-mackinac-financial-corporation-301267221.html
SOURCE WeissLaw LLP
