FIRST SECURITY GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
April 02 2015 - 6:37PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of First Security
Group, Inc. (NASDAQ CM: FSGI)?
- Did you purchase any of your shares
prior to March 25, 2015?
- Do you think the proposed buyout
value is too low?
- 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 First
Security Group, Inc. (“FSG” or the “Company”) (NASDAQ CM: FSGI)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Atlantic Capital Bancshares, Inc. (“Atlantic
Capital”), in a transaction valued at approximately $160
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/first-security-group-inc-fsgi.
Under the terms of the agreement, shareholders of FSG
shareholders may elect cash equal to $2.35 per share, stock based
on a fixed exchange ratio of 0.188 shares of Atlantic Capital
common stock for each FSG share or any combination thereof.
The investigation concerns whether FSG’s board of directors
failed to adequately shop the Company and obtain the best possible
value for FSG’s shareholders before entering into an agreement with
Atlantic Capital. According to Yahoo! Finance, at least one analyst
has issued a price target for FSG stock at $2.50 per share.
If you own the common stock of FSG and purchased your shares
before March 25, 2015, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/first-security-group-inc-fsgi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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