Shareholder Alert: The Ademi Firm Investigates Whether Southern States Bancshares, Inc. Is Obtaining a Fair Price for Its Public Shareholders
Southern States Bancshares, Inc. (SSBK)
Company Research
Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Southern States (Nasdaq: SSBK) for possible breaches of fiduciary duty and other violations of law in its transaction with FB Financial.Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.In the transaction, Southern States shareholders will receive only 0.800 shares of FB Financial common stock for each share of Southern States stock. Based on FB Financial’s closing stock price of $47.05 per share as of March 28, 2025, the implied transaction value is approximately $37.64 per Southern States share, or $381 million in the aggregate.Southern States insiders will receive substantial benefits as part of change of control arrangements.The transaction agreement unreasonably limits competing transactions for Southern States by imposing a significant penalty if Southern States accepts a competing
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