Kendall Law Group Investigates Whether Southcoast Financial Corporation Obtained a Fair Price in Sale to BNC Bancorp
18 Agosto 2015 - 2:23PM
Business Wire
Kendall Law Group, led by former federal Judge Joe Kendall, is
investigating Southcoast Financial Corporation (NASDAQ: SOCB) and
its Board of Directors on behalf of shareholders in connection with
the proposed sale to BNC Bancorp. Pursuant to the terms of the
agreement, Southcoast shareholders will only receive $13.35 in cash
for each share of Southcoast owned. At least one analyst has valued
Southcoast at $18.18/share, far greater than the sale price to
BNC.
The national securities firm’s investigation seeks to determine
whether Southcoast and its Board breached their fiduciary duties by
failing to fulfill its fiduciary duties, failing to maximize the
value of the Company, failing to disclose all material benefits and
costs, and failing to obtain the best possible consideration for
Southcoast shareholders.
If you currently own shares of Southcoast and want to know more
about your rights, you are encouraged to contact Jamie McKey at the
Kendall Law Group at 877-744-3728 or by email at
jmckey@kendalllawgroup.com to learn more about your rights as a
shareholder. There is no cost or obligation to you. Kendall Law
Group was founded by a former federal judge, includes a former
United States Attorney, prosecutors and securities lawyers who are
experienced in nationwide complex securities litigation. The firm
has been counsel in numerous merger and acquisition cases
nationwide, including some of the largest transactions in the
United States.
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version on businesswire.com: http://www.businesswire.com/news/home/20150818006457/en/
Kendall Law Group LLPJamie McKey, 214-744-3000877-744-3728 Toll
Free214-744-3015
Facsimilejmckey@kendalllawgroup.comwww.kendalllawgroup.com
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