MILWAUKEE, Jan. 27, 2020 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating CenterState (Nasdaq: CSFL) for
possible breaches of fiduciary duty and other violations of the law
in connection with the sale to South State.
Click here to learn how to join the action:
http://ademilaw.com/case/centerstate-bank-corporation or call
Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges CenterState's financial
outlook is improving and yet shareholders will receive only 0.3001
shares of South State common stock for each share of CenterState
common stock they own, or approximately $23.72 based on South State's stock price on
January 27, 2020. The merger
agreement unreasonably limits competing bids for CenterState by
prohibiting solicitation of further bids, and imposing a
termination penalty if CenterState accepts a superior bid.
CenterState insiders will receive millions of dollars as part of
change of control arrangements. We are investigating the conduct of
CenterState's board of directors, and whether they are (i)
fulfilling their fiduciary duties to all shareholders, and (ii)
obtaining a fair and reasonable price for CenterState.
If you own common stock in CenterState and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or
http://ademilaw.com/case/centerstate-bank-corporation.
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 & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP