NEW YORK, Sept. 1, 2015 /PRNewswire/ -- The Law Offices of
Vincent Wong are investigating
potential claims against the Board of Directors of Southcoast
Financial Corporation (NASDAQ: SOCB) in connection with the
sale of the Company to BNC Bancorp (NASDAQ: BNCN). Under the terms
of the transaction, Southcoast shareholders will receive
$13.35 for each share of Southcoast
common stock, payable in shares of BNC common stock based upon the
20-day volume weighted average price of BNC common stock prior to
the closing of the merger subject to minimum and maximum exchange
ratios.
Click here to learn about the case:
http://docs.wongesq.com/SOCB-Info-Request-Form-857. There is
no cost or obligation to you.
The investigation concerns whether the Board of Southcoast
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether BNC Bancorp is underpaying for Southcoast
shares.
If you own common stock in Southcoast and wish to obtain
additional information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://docs.wongesq.com/SOCB-Info-Request-Form-857.
Vincent Wong, Esq. is an
experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong