The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of BancTrust Fi...
29 Maio 2012 - 12:04PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
BancTrust Financial Group, Inc. (“BancTrust” or the “Company”)
(Nasdaq: BTFG) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Trustmark Corporation (Nasdaq: TRMK).
Click here to learn how to join the action:
http://zlk.9nl.com/banctrust-financial-btfg, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the agreement, BancTrust shareholders will
receive 0.125 shares of Trustmark Corporation common stock for each
share of BancTrust common stock they own. The transaction has a
total approximate value of $55.4 million, representing a value of
$3.08 per share of BancTrust common stock. The investigation
concerns whether the BancTrust Board of Directors breached their
fiduciary duties to BancTrust stockholders by failing to adequately
shop the Company before entering into this transaction and whether
Trustmark Corporation is underpaying for BancTrust shares, thus
unlawfully harming BancTrust stockholders. In particular, BancTrust
reported a Book Value of $3.50 per share for the most recent
quarter and at least one analyst set a price target for BancTrust
stock at $6.00 per share.
If you own common stock in BancTrust and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
http://zlk.9nl.com/banctrust-financial-btfg.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
Banctrust Financial (NASDAQ:BTFG)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Banctrust Financial (NASDAQ:BTFG)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024
Notícias em tempo-real sobre Banctrust Financial Grp., Inc. (MM) da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de Levi & Korsinsky, LLP