MILWAUKEE, July 15, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Carolina Trust BancShares, Inc.
(Nasdaq: CART) for possible breaches of fiduciary duty and
other violations of the law in connection with the sale of
CART to Carolina Financial.
Click here to learn how to join the action:
http://ademilaw.com/case/cart or call Guri
Ademi toll-free at 866-264-3995. There is no cost or
obligation to you.
Ademi & O'Reilly, LLP alleges CART's financial outlook is
improving and yet shareholders will receive the equivalent of only
$10.57 per share for each share of
CART common stock they own. Carolina Financial is
acquiring CART at a substantial discount. The merger
agreement unreasonably limits competing bids for CART by
prohibiting solicitation of further bids, and imposing a
termination penalty if CART accepts a superior bid. CART insiders
will receive millions of dollars as part of change of control
arrangements. We are investigating on the conduct of CART's board
of directors, and whether they are (i) fulfilling their fiduciary
duties to all shareholders, and (ii) obtaining a fair and
reasonable price for CART.
If you own common stock in CART and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or
http://ademilaw.com/case/cart.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP