NEW YORK, May 14, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of State Bank Financial Corp. ("STBZ" or the "Company") (NASDAQ: STBZ) in connection with the proposed acquisition of the Company by Cadence Bancorporation ("Cadence"). Under the terms of the acquisition agreement, the Company's shareholders will be entitled to receive 1.16 shares of Cadence's Class A common stock in exchange for each share of STBZ they hold, representing consideration of $33.98 based on Cadence's May 14 closing price.
WeissLaw is investigating whether STBZ's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $36.50 per STBZ share.
Given these facts, WeissLaw is investigating whether STBZ's shareholders will obtain their fair and proportionate share of the Company's continued success and growth prospects. If you own STBZ shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/state-bank-financial-corp/
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SOURCE WeissLaw LLP
