First Financial Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to SCBT Financial
20 Février 2013 - 6:01PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the merger of First Financial Holdings, Inc.
(“First Financial”) (Nasdaq: FFCH) with SCBT Financial Corporation
for shareholders. Under the terms of the proposed merger valued at
approximately $302.4 million, First shareholders will only receive
0.4237 shares of SCBT common stock per share of First common stock.
Based on Tuesday’s closing price, the proposed consideration is
valued at approximately $18.30 per share.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, please contact Willie Briscoe
at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at
WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor,
LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com.
There is no cost or fee to you.
The First Financial merger investigation centers on whether
First Financial’s shareholders are receiving adequate compensation
for their shares in the proposed merger, whether the transaction
undervalues First Financial’s stock, and whether First Financial’s
board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. According to
shareholder rights attorney Willie Briscoe, “based on the stock for
stock nature of the deal, the value of the consideration, and other
factors, we are concerned that this transaction may undervalue
First Financial’s stock. Our proposed lawsuit will seek to obtain
the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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