|Company name||Entegra Financial Corp.|
NEW YORK, January 28, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Entegra Financial Corp. (NASDAQ: ENFC) on behalf of stockholders concerning the proposed acquisition of the company by SmartFinancial, Inc. (NASDAQ: SMBK).
Pursuant to the proposed transaction, announced on January 15, 2019 and valued at $158.2 million, Entegra stockholders will receive 1.215 shares of SmartFinancial for each share of Entegra common stock owned. The investigation focuses on whether Entegra and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Entegra 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.