CROSSFIRST BANKSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CrossFirst Bankshares, Inc. - CFB
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Kahn Swick & Foti, LLC is investigating the proposed sale of CrossFirst Bankshares, Inc. to First Busey Corporation. The investigation focuses on the adequacy of the price and process of the transaction, where CrossFirst shareholders will receive 0.6675 shares of First Busey for each CrossFirst share.
December 06, 2024 | 7:15 pm
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NEUTRAL IMPACT
First Busey Corporation is involved in a proposed acquisition of CrossFirst Bankshares, which is under investigation for the adequacy of the price and process.
While the investigation targets CrossFirst, it could indirectly affect First Busey by delaying the acquisition process or altering terms, but the direct impact on BUSE's stock is less certain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CrossFirst Bankshares is under investigation by Kahn Swick & Foti, LLC regarding the adequacy of the price and process in its proposed sale to First Busey Corporation.
The investigation by Kahn Swick & Foti, LLC could lead to uncertainty about the proposed sale, potentially affecting CrossFirst's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100