WILMINGTON, Del., March 27, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do
you own shares of First Security Group, Inc. (NASDAQ CM:
FSGI)?
-
Did you purchase any of your shares prior to March 25,
2015?
-
Do you think the proposed buyout value is too
low?
-
Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of First
Security Group, Inc. ("FSG" or the "Company") (NASDAQ CM: FSGI)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Atlantic Capital Bancshares, Inc. ("Atlantic
Capital"), in a transaction valued at approximately $160 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/first-security-group-inc-fsgi.
Under the terms of the agreement, shareholders of FSG
shareholders may elect cash equal to $2.35 per share, stock based on a fixed exchange
ratio of 0.188 shares of Atlantic Capital common stock for each FSG
share or any combination thereof.
The investigation concerns whether FSG's board of directors
failed to adequately shop the Company and obtain the best possible
value for FSG's shareholders before entering into an agreement with
Atlantic Capital. According to Yahoo! Finance, at least one
analyst has issued a price target for FSG stock at $2.50 per share.
If you own the common stock of FSG and purchased your shares
before March 25, 2015, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Seth D.
Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/first-security-group-inc-fsgi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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SOURCE Rigrodsky & Long, P.A.