Law Office of Brodsky & Smith, LLC Announces Investigation of BancTrust Financial Group, Inc.
15 Junho 2012 - 6:15PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
BancTrust Financial Group, Inc. (“BancTrust” or the “Company”)
(Nasdaq- BTFG) relating to the proposed acquisition by Trustmark
Corporation. (“Trustmark”).
Under the terms of the transaction, BancTrust shareholders will
receive 0.125 shares of Trustmark common stock for each share on
BancTrust stock they own. The transaction values BancTrust stock at
approximately $3.08 per share. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of BancTrust for not acting in the Company’s
shareholders' best interests in connection with the sale process to
Trustmark. BancTrust has a book value of $3.50 a share and an
analyst target placed a price for BancTrust stock $6.00 per
share.
If you own shares of BancTrust stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/437-btfg-banctrust-financial-group-inc.html,
or by calling toll free 877-LEGAL-90.
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