WILMINGTON, Del.--(BUSINESS WIRE)--
Rigrodsky & Long, P.A.:
- Do you own shares of Entegra Financial Corp. (NASDAQ GM: ENFC)?
- Did you purchase any of your shares prior to January 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 Entegra Financial Corp. (“Entegra” or the “Company”) (NASDAQ GM: ENFC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with SmartFinancial, Inc. (“SmartFinancial”) (NASDAQ CM: SMBK) in a transaction valued at approximately $158.2 million. Under the terms of the agreement, shareholders of Entegra will receive 1.215 shares of SmartFinancial common stock for each share of Entegra common stock. In addition, Entegra shareholders will receive one non-transferrable contingent value right (“CVR”) for each share of Entegra common stock held immediately prior to the merger in the event that a certain ongoing dispute between Entegra and certain unrelated third-parties has not been resolved, and the proceeds, if any, from the resolution of the dispute have not been paid out to Entegra’s shareholders, prior to the merger in accordance with the terms of the merger agreement.
If you own common stock of Entegra and purchased any shares before January 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 firstname.lastname@example.org, 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.
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