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BANCORPSOUTH MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF BANCORPSOUTH BANK IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – BXS
April 12, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of BancorpSouth Bank (NYSE: BXS) and Cadence Bancorporation is fair to BancorpSouth shareholders. Upon completion of the merger, BancorpSouth shareholders will own approximately 55% and Cadence shareholders will own approximately 45% of the combined company.
The investigation concerns whether BancorpSouth and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for BancorpSouth shareholders; and (2) disclose all material information necessary for BancorpSouth shareholders to adequately assess and value the merger consideration. On behalf of BancorpSouth shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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