SHAREHOLDER NOTICE: Brodsky & Smith, LLC Reminds Investors of Investigations Related to the Following Companies: CSFL, DLPH, FSB
BALA CYNWYD, PA / ACCESSWIRE / February 5, 2020 / Brodsky & Smith, LLC reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other violations of federal and state law with respect to proposed acquisition transactions. If you own shares of any of the below-referenced stocks 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, LLC 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, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or calling toll free 877-534-2590. There is no cost or financial obligation to you.
CenterState Bank Corporation - (CSFL)
Under the terms of the agreement, CenterState shareholders will receive only 0.3001 shares of South State for each share of CenterState stock owned, implying a per-share price of $25.66 based on South State's January 24th closing price. The investigation concerns whether the CenterState Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether South State is underpaying for the Company. For example, the consideration is well below the 52-week high of $26.83, and CenterState stock was trading above the implied deal price as recently as December 2019.
Additional information can be found at http://www.brodskysmith.com/cases/centerstate-bank-corporation-nasdaqgs-csfl/, or call 877-534-2590. No cost or obligation to you.
Delphi Technologies PLC (DLPH)
Under the terms of the agreement, Delphi shareholders will receive only 0.4534 shares of BorgWarner common stock for each share of Delphi stock that they hold. The investigation concerns whether the Delphi Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether BorgWarner is underpaying for the Company. For example, the implied deal price of $17.39 is significantly below Delphi's 52-week high of $26.82. Additionally, the twelve-month average analyst price target for Delphi is $20.15, with a high target of $30.00.
Additional information can be found at http://www.brodskysmith.com/cases/delphi-technologies-plc-nyse-dlph/, or call 877-534-2590. No cost or obligation to you.
Franklin Financial Network, Inc. - (FSB)
Under the terms of the agreement, Franklin Financial shareholders will receive only 0.9650 shares of FB Financial common stock and $2.00 in cash for each share of Franklin Financial stock owned. The investigation concerns whether the Franklin Financial Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether FB Financial is underpaying for the Company.
Additional information can be found at http://www.brodskysmith.com/cases/franklin-financial-network-inc-nyse-fsb/, or call 877-534-2590. No cost or obligation to you.
Brodsky & Smith, LLC 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.
CONTACT:
Marc Ackerman
T: 610-667-6200
E: mackerman@BrodskySmith.com
SOURCE: Brodsky & Smith, LLC
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