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SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI)

ACCESSWIRE
·2 min read

BALA CYNWYD, CA / ACCESSWIRE / July 27, 2021 / Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors ofAtlantic Capital Bancshares, Inc. ("Atlantic Capital" or the "Company") (NASDAQ:ACBI) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by SouthState Corporation ("SouthState") (NASDAQ:SSB). Under the terms of the merger agreement, Atlantic Capital shareholders will receive only 0.36 shares of SouthState common stock for each Atlantic Capital share that they own, an implied per-share merger consideration of $26.43 based upon SouthState's July 22, 2021 closing price of $73.42.

The investigation concerns whether the Atlantic Capital Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether SouthState is paying too little for the Company. For example, the deal consideration is considerably below the Company's 52-week high of $93.26.

If you own shares of Atlantic Capital stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/atlantic-capital-bancshares-inc-nasdaq-acbi/, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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SOURCE: Brodsky & Smith, LLC



View source version on accesswire.com:
https://www.accesswire.com/657326/SHAREHOLDER-NOTICE-Brodsky-Smith-Announces-an-Investigation-of-Atlantic-Capital-Bancshares-Inc-NASDAQACBI