EQUITY ALERT: The Rosen Law Firm Announces Investigation of First Security Group, Inc. Concerning its Proposed Sale to Atlant...
March 27 2015 - 4:15PM
Business Wire
The Rosen Law Firm, P.A., a global investor rights law firm,
announces that it is investigating the Board of Directors of First
Security Group, Inc. (NASDAQ:FSGI) for possible breaches of
fiduciary duty and other violations of law by failing to adequately
shop First Security Group to maximize shareholder value before
agreeing to be acquired by Atlantic Capital Bancshares, Inc.
If you would like to join the action, go to
http://rosenlegal.com/cases-560.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders may
elect to receive $2.35 in cash, 0.188 shares of Atlantic Capital
common stock or any combination thereof for each share of First
Security Group common stock they own. This is subject to an overall
ratio of 40 percent cash and 60 percent stock. The proposed
transaction is valued at approximately $160 million. The
investigation relates to whether the proposal is fair to the public
shareholders of First Security Group and whether First Security
Group’s Board breached its fiduciary duties in connection with the
proposed sale.
If you currently own shares of First Security Group and wish to
obtain additional information, please visit the website at
http://rosenlegal.com/cases-560.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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