NEW YORK, Aug. 19, 2015 /PRNewswire/ -- Securities lawyers at Dunnam & Dunnam are investigating the board of Southcoast Financial Corporation (NASDAQ: SOCB) in connection with a buyout for only $13.35 per share. Concerned SOCB investors are encouraged to contact attorney Hamilton Lindley by clicking here.
The investigation focuses upon the shareholder value of the transaction. "An analyst targeted the price of the stock at $18.18 per share, making this transaction appear undervalued," said securities lawyer Hamilton Lindley. "Our potential shareholder lawsuit will seek to ensure Southcoast Financial Corporation shareholders receive the highest price reasonably available for their stock and that all relevant information is disclosed."
Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. SOCB stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at email@example.com with questions, toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/SOCB.
SOURCE Dunnam & Dunnam