Citizens South Banking Corp. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow...
15 5월 2012 - 2:47AM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
Citizens South Banking Corp. (“Citizens” or the “Company”)
(NASDAQ:CSBC) related to the proposed acquisition of the Company by
Park Sterling Corp. The transaction is valued at approximately
$77.8 million in cash and stock.
This investigation concerns whether the Board of Directors of
Citizens breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Its share price has
skyrocketed from $3.50 on December 30, 2011 to $5.07 on May 8,
2012.
If you are a shareholder of Citizens, if you have information or
would like to learn more about our investigation, 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 Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Citizens South Banking Corp. (MM) (NASDAQ:CSBC)
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Citizens South Banking Corp. (MM) (NASDAQ:CSBC)
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Citizens South Banking Corp. (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
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