NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Charter Financial Corporation (“Charter Financial” or the “Company”) (NASDAQGM: CHFN) stock prior to April 24, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Charter Financial to CenterState Bank Corporation (NASDAQGS: CSFL). Under the terms of the transaction, Charter Financial shareholders will receive 0.738 of a CenterState Bank share and $2.30 in cash consideration for each share of Charter common stock they own. Based on CenterState Bank’s price as of April 24, 2018, this represents a value of approximately $22.76 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of Charter Financial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether CenterState Bank is underpaying for Charter Financial shares, thus unlawfully harming Charter Financial shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.