Busey supplements Merger proxy with financial analysis ranges after shareholder lawsuits

FIRST BUSEY CORP /NV/

Two shareholder lawsuits filed in Kansas against CrossFirst board and Busey: Zalvin (Nov 26) and Bushansky (Nov 29); demand letters since Oct 24.
Allegations: false/misleading registration statement (Exchange Act §14(a), §20(a)), breach of fiduciary duty; Busey and CrossFirst deny claims.
Supplemental disclosures add low/high multiples: CrossFirst selected companies P/TBV 0.81x-2.64x; Busey P/TBV 0.92x-3.99x.
Merger expected to be accretive to Busey's 2026 EPS by 16.2% and dilutive to tangible book value by 0.6% at assumed Mar 31, 2025 close.
KBW disclosed receiving ~$750k fee from CrossFirst for prior 2022 acquisition, additional financial advisor compensation detail.

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