Cases
CenterState Bank Corporation
Merger
Overview
Overview
- Date:
- 1/27/2020
- Case Caption:
- Rubin v. CenterState Bank Corporation, et al.
- Stock Symbol:
- CSFL
- Company Name - Buyer:
- South State Corporation
- Stock Symbol - Buyer:
- SSB
- Status:
- Filed
- Merger Announcement Date:
- 1/27/2020
- Filing Date:
- 4/16/2020
- Court:
- U.S. District Court: Northern Georgia
On January 27, 2020 CenterState announced that it had signed an agreement to merge with South State Corporation. Per the merger agreement CenterState stockholders will receive 0.3001 shares of South State common stock for each share of CenterState common stock owned. The deal is scheduled to close in the third quarter of 2020.
Bragar Eagel & Squire is concerned that CenterState’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for CenterState stockholders.
Bragar Eagel & Squire is concerned that CenterState’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for CenterState stockholders.
Case Updates
Case Files
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Rubin v. CenterState Bank Corporation, et al.