Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Peoples Bancorporation, Inc. (“Peoples Bancorporation” or the “Company”) (OTC BB: PBCE) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by SCBT Financial Corporation (“SCBT”) in a transaction with an approximate value of $28.4 million.
Click here to learn more and to discuss your shareholder rights: http://investigations.rigrodskylong.com/peoples-bancorporation-inc-pbce/.
Under the proposed agreement, Peoples Bancorporation shareholders will receive 0.1413 shares of SCBT common stock for every share of Peoples Bancorporation they own.
The investigation concerns whether Peoples Bancorporation’s board of directors adequately shopped the Company to obtain the best price possible for Peoples Bancorporation shareholders before entering into the agreement with SCBT.
If you own the common stock of Peoples Bancorporation and purchased your shares before December 20, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to email@example.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.
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