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CAROLINA TRUST BANCSHARES, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger

WILMINGTON, DE / ACCESSWIRE / July 16, 2019 / Rigrodsky & Long, P.A.:

  • Do you own shares of Carolina Trust BancShares, Inc. (NASDAQ CM: CART)?
  • Did you purchase any of your shares prior to July 15, 2019?
  • Do you think the proposed merger is fair?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Carolina Trust BancShares, Inc. (“Carolina Trust” or the “Company”) (NASDAQ CM: CART) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Carolina Financial Corporation (“Carolina Financial”) (CARO) in a transaction valued at approximately $100 million. Under the terms of the agreement, shareholders of Carolina Trust will receive 0.3000 shares of Carolina Financial or $10.57 in cash for each share of Carolina Trust common stock they own.

If you own common stock of Carolina Trust and purchased any shares before July 15, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at info@rl-legal.com, or at https://www.rigrodskylong.com/offices-contact.

Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

SOURCE: Rigrodsky & Long, P.A.



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