The First Bancshares, Inc.
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FBMS STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE MERGER OF THE FIRST BANCSHARES, INC. IS FAIR TO SHAREHOLDERS
July 28, 2022.
New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the merger of The First Bancshares, Inc. (NASDAQ: FBMS) and Heritage Southeast Bancorporation, Inc. is fair to First Bancshares shareholders. Subject to the terms of the definitive merger agreement, Heritage shareholders would receive 0.965 shares of First Bancshares common stock for each share of Heritage common stock upon the closing of the transaction.
The investigation concerns whether First Bancshares 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 First Bancshares shareholders; and (2) disclose all material information necessary for First Bancshares shareholders to adequately assess and value the merger consideration. On behalf of First Bancshares 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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