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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Iowa First Bancshares Corp. (“IOFB” or the “Company”) (: IOFB) to MidWestOne Financial Group, Inc. (“MidWestOne”). Under the terms of the merger, the aggregate consideration to be paid by MidWestOne for IOFB will consist of cash consideration of $47.6 million, subject to adjustment.
The IOFB merger investigation concerns whether the Board of IOFB has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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