Shareholder Alert: Ademi LLP investigates whether CapStar Financial Holdings, Inc. has obtained a Fair Price in its transaction with Old National Bancorp

MILWAUKEE, Oct. 27, 2023 /PRNewswire/ -- Ademi LLP is investigating CapStar (NASDAQ: CSTR) for possible breaches of fiduciary duty and other violations of law in its transaction with Old National.

Click here to learn how to join the action https://www.ademilaw.com/case/capstar-financial-holdings-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, CapStar stockholders are expected to receive only 1.155 shares of Old National common stock, valuing the transaction at approximately $344.4 million, or $16.64 per share, based on Old National's 30-day volume weighted average closing stock price ending October 25, 2023. The transaction agreement unreasonably limits competing transactions for CapStar by imposing a significant penalty if CapStar accepts a competing bid. CapStar insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of CapStar's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own CapStar common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/capstar-financial-holdings-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                    
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP