NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Charter Financial Corporation (“Charter” or the “Company”) (NASDAQGM: CHFN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to CenterState Bank Corporation (NASDAQGS: CSFL). Under the terms of the deal, Charter stockholders 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.
The investigation concerns whether the Charter Board of Directors breached their fiduciary duties to Charter stockholders by failing to adequately shop the Company before entering into this transaction and whether CenterState Bank is underpaying for Charter shares, thus unlawfully harming Charter stockholders.
If you own common stock in Charter and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/CHFN-Info-Request-Form-1899.
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.