NEW YORK, Nov. 17, 2017 /PRNewswire/ -- Rowley Law
PLLC is investigating potential claims against Atlantic Coast
Financial Corporation (NASDAQ: ACFC) and its board of
directors for breach of fiduciary duty concerning the proposed
acquisition of the company by Ameris Bancorp. Atlantic Coast
shareholders will receive $1.39 in
cash and 0.17 shares of Ameris Bancorp common stock for each share
of Atlantic Coast they hold. The transaction is valued at
approximately $145 million and is
expected to close in the second quarter of 2018.
If you are a shareholder of Atlantic Coast Financial Corporation
and are interested in obtaining additional information regarding
this investigation, please visit us at:
http://www.rowleylawpllc.com/investigation/atlanticcoast.
You may also contact Shane Rowley,
Esq. at Rowley Law PLLC, 50 Main Street Suite 1000,
White Plains, NY 10606, by email
at info@rowleylawpllc.com, or by telephone at 914-400-1920
or 844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class
actions and derivative lawsuits in complex corporate litigation.
For more information about the firm and its attorneys, please visit
http://www.rowleylawpllc.com.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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SOURCE Rowley Law PLLC