MILWAUKEE, Nov. 18, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Carolina Financial (NASDAQ:
CARO) for possible breaches of fiduciary duty and other
violations of the law in connection with the sale of Carolina
Financial to United.
Click here to learn how to join the action:
http://ademilaw.com/case/carolina-financial-corporation or call
Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Carolina Financial's financial
outlook is improving and yet shareholders will receive only 1.13 of
United's shares for each share of Carolina Financial, resulting in
an aggregate transaction value of approximately $1.1 billion. The merger agreement
unreasonably limits competing bids for Carolina Financial by
prohibiting solicitation of further bids, and imposing a
termination penalty if Carolina Financial accepts a superior bid.
Carolina Financial insiders will receive millions of dollars as
part of change of control arrangements. We are investigating the
conduct of Carolina Financial'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 Carolina
Financial.
If you own common stock in Carolina Financial 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/carolina-financial-corporation.
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