NEW YORK, April 30, 2015 /PRNewswire/ -- Securities lawyers at Dunnam & Dunnam are investigating the board of Palmetto Bancshares Inc. (NASDAQ: PLMT) in connection with a buyout for only $19.25 per share. Concerned PLMT investors are encouraged to contact attorney Hamilton Lindley by here.
The investigation focuses upon the shareholder value of the transaction. Under terms of the proposed agreement, Palmetto shareholders would receive only $19.25 per share. However, an analyst has recently set a target price of $20.25. The firm's potential shareholder lawsuit will seek to obtain the highest price reasonably available and that all important information about the deal is disclosed.
Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. PLMT stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] with questions, toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/PLMT.
SOURCE Dunnam & Dunnam