WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Charter Financial Corporation (NASDAQ CM: CHFN)?
- Did you purchase any of your shares prior to April 24, 2018?
- 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 Charter Financial Corporation (“Charter” or the “Company”) (NASDAQ CM: CHFN) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with CenterState Bank Corporation (“CenterState”) (NASDAQ GS: CSFL) in a transaction valued at approximately $360.1 million. Under the terms of the agreement, shareholders of Charter will receive 0.738 of a share of CenterState common stock and $2.30 in cash consideration for each outstanding share of Charter common stock. Based on CenterState’s stock price of $27.72 as of April 24, 2018, this equates to a per share value of $22.76.
If you own common stock of Charter and purchased any shares before April 24, 2018, 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 at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at email@example.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, 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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