(CSFL) Alert: Johnson Fistel Investigates Proposed Sale of CenterState Bank Corporation; Are Shareholders Getting a Fair Deal?
CENTERSTATE BANKS (CSFL)
Last centerstate banks earnings: 4/23 05:04 pm
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US:NASDAQ Investor Relations:
centerstatebank.com/tag/investor-relations
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Source: PR Newswire
SAN DIEGO, Jan. 27, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of CenterState Bank Corporation (NASDAQ: CSFL) ("CenterState") breached their fiduciary duties in connection with the proposed sale of the Company to South State Corporation (NASDAQ: SSB) ("South State").On January 27, 2020, CenterState announced that it had signed a definitive merger agreement with South State. Under the terms of the merger agreement, CenterState shareholders will receive 0.3001 shares of South State common stock for each share of CenterState common stock they own. The investigation concerns whether the CenterState board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for CenterState shares of common stock. Nationally recognized Johnson Fistel is investigating whether the propos
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