NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Southcoast Financial Corporation (NASDAQ: SOCB) in connection with the sale of the Company to BNC Bancorp (NASDAQ: BNCN). Under the terms of the transaction, Southcoast shareholders will receive $13.35 for each share of Southcoast common stock, payable in shares of BNC common stock based upon the 20-day volume weighted average price of BNC common stock prior to the closing of the merger subject to minimum and maximum exchange ratios.
Click here to learn about the case: http://docs.wongesq.com/SOCB-Info-Request-Form-857. There is no cost or obligation to you.
The investigation concerns whether the Board of Southcoast breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether BNC Bancorp is underpaying for Southcoast shares.
If you own common stock in Southcoast and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://docs.wongesq.com/SOCB-Info-Request-Form-857.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.