SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Reliant Bancorp, Inc. (NASDAQ:RBNC)
BALA CYNWYD, PA / ACCESSWIRE / July 15, 2021 / Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors ofReliant Bancorp, Inc. ("Reliant" or the "Company") (NASDAQ:RBNC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by United Community Banks, Inc. ("United") (NASDAQ:UCBI). Under the terms of the merger agreement, Reliant shareholders will receive only 0.9842 shares of United common stock for each share of Reliant common stock they own. The all-stock transaction is valued at $30.58 per share based upon the closing stock price of United as of July 13, 2021.
The investigation concerns whether the Reliant Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether United is paying too little for the Company.
If you own shares of Reliant stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/reliant-bancorp-inc-nasdaq-rbnc/, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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