NEW YORK, May 4, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Capital Bank Financial Corp. ("Capital Bank" or the "Company") (NASDAQ: CBF) concerning the proposed acquisition of the Company by First Horizon National Corp. ("First Horizon") in a transaction valued at approximately $2.2 billion.
Pursuant to the terms of the transaction, First Horizon will exchange 1.750 of its shares and $7.90 in cash for each Capital Bank share outstanding. Based on May 3, 2017 closing prices, that values the Capital Bank shares at $40.835 per share. Capital Bank's stock has gained more than 7% year to date. Our investigation concerns whether the Capital Bank board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Capital Bank shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Daniella Quitt, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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