Seacoast Banking Corporation of Florida
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SBCF STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF SEACOAST BANKING CORPORATION OF FLORIDA IS FAIR TO SHAREHOLDERS
August 8, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Seacoast Banking Corporation of Florida (NASDAQ: SBCF) and Professional Holding Corp. is fair to Seacoast shareholders. Under the terms of the agreement, Professional shareholders would receive 0.8909 shares of Seacoast common stock for each share of Professional common stock.
The investigation concerns whether Seacoast and its board 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 Seacoast shareholders; and (2) disclose all material information necessary for Seacoast shareholders to adequately assess and value the merger consideration. On behalf of Seacoast shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC 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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