Cases
Carolina Trust BancShares, Inc. (NASDAQ: CART)
Merger
Overview
Overview
- Date:
- 7/16/2019
- Company Name:
- Carolina Trust BancShares, Inc.
- Stock Symbol:
- CART
- Company Name - Buyer:
- Carolina Financial Corporation
- Status:
- Closed/Complete
- Merger Announcement Date:
- 7/15/2019
NEW YORK, July 16, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Carolina Trust BancShares, Inc. (NASDAQ: CART) on behalf of Carolina Trust shareholders concerning the proposed merger with Carolina Financial Corporation.
Pursuant to the proposed transaction, announced on July 15, 2019 and valued at $100.1 million, Carolina Trust shareholders will receive either $10.57 in cash or 0.3 shares of Carolina Financial common stock for every share of Carolina Trust common stock owned. The investigation focuses on whether Carolina Trust and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Carolina Trust shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on July 15, 2019 and valued at $100.1 million, Carolina Trust shareholders will receive either $10.57 in cash or 0.3 shares of Carolina Financial common stock for every share of Carolina Trust common stock owned. The investigation focuses on whether Carolina Trust and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Carolina Trust shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.