PALMETTO BANCSHARES, INC. SHAREHOLDER ALERT: Bernstein Liebhard LLP Announces Investigation Of Acquisition By United Community Banks, Inc.
NEW YORK, April 22, 2015 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Palmetto Bancshares, Inc. ("Palmetto" or the "Company") (Nasdaq:PLMT) breached its fiduciary duty to its shareholders in agreeing to sell Palmetto to United Community Banks, Inc. ("United").
Under the terms of the agreement, Palmetto shareholders will have the right to receive $19.25 in cash or 0.97 shares of United common stock, or any combination thereof, for each share they own. The investigation is focused on the potential unfairness of the price to Palmetto shareholders and the process by which the Palmetto Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Palmetto stockholder, with no obligation or cost to you, please contact Joseph R. Seidman, Jr. at:
(877) 779-1414
or
[email protected]
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs' firms in the country.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2015 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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SOURCE Bernstein Liebhard LLP
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