C1 SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of C1 Financial, Inc. (BNK) Over the Proposed Sale of...
November 12 2015 - 11:43AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of C1 Financial, Inc. (“C1” or the “Company”) (NYSE:BNK)
for potential breaches of fiduciary duties in connection with the
sale of the Company to Bank of the Ozarks, Inc. for approximately
$400 million.
The Company’s stockholders will only receive the equivalent of
$25.00 in shares of Bank of Ozarks for each share of Company common
stock they own. However, the offer provides virtually no premium
over the 52-week high of $24.99 per share and at least one
analyst’s target price of $25.00 per share.
Click here for more information:
www.faruqilaw.com/BNK. There is no cost or
obligation to you.
The investigation focuses on whether C1’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of C1’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in C1 and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/BNK or contact Juan Monteverde, Esq.
either via e-mail at jmonteverde@faruqilaw.com or by telephone at
(877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
C1 FINANCIAL, INC. (NYSE:BNK)
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