NEW YORK, April 30, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger between FB Financial Corporation (NYSE: FBK) and Franklin Financial Network, Inc. is fair to FB Financial shareholders.
If you are an FB Financial shareholder and would like to discuss your legal rights and options, please visit FB Financial Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
On January 21, 2020, FB Financial and Franklin announced that they had entered into a merger agreement pursuant to which Franklin shareholders will receive 0.965 shares of FB Financial common stock and $2.00 in cash for each share of Franklin stock. FB Financial seeks shareholder approval to issue FB Financial common stock in connection with the merger.
The investigation concerns whether FB Financial and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) determine whether FB Financial is overpaying for Franklin; (2) conduct a fair sales process; and (3) disclose all material information necessary for FB Financial shareholders to adequately assess the share issuance proposal.
If you are an FB Financial shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/fb-financial-corporation-fbk-stock-merger-franklin-financial-network/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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SOURCE Halper Sadeh LLP