Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Jacksonville Bancorp, Inc. (“Company”) (NasdaqCM:JAXB) for potential breaches of fiduciary duties in connection with the sale of the Company to Ameris Bancorp for approximately $96.6 million in a cash or stock transaction.
The Company’s stockholders will only receive either 0.5861 shares of Ameris common stock or $16.50 in cash for each share of Jacksonville Bancorp common stock they own, subject to the total consideration being 75% stock and 25% cash.
Click here for more information: www.faruqilaw.com/JAXB.There is no cost or obligation to you.
The investigation focuses on whether the Company’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of the Company’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in the Company and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/JAXB or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New
York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: (877) 247-4292
Phone: (212) 983-9330
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View source version on businesswire.com: http://www.businesswire.com/news/home/20151002005621/en/
Contacts:
Juan E. Monteverde, Esq.
(877)
247-4292 or (212) 983-9330
jmonteverde@faruqilaw.com
