BancTrust Financial Group, Inc. Merger Litigation (Nasdaq: BTFG)
Law Office of Brodsky & Smith, LLC Announces Investigation of BancTrust Financial Group, Inc.
BALA CYNWYD, June 13, 2012 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of BancTrust Financial Group, Inc. (“BancTrust” or the “Company”) (Nasdaq- BTFG-News) relating to the proposed acquisition by Trustmark Corporation. (“Trustmark”).
Under the terms of the transaction, BancTrust shareholders will receive 0.125 shares of Trustmark common stock for each share on BancTrust stock they own. The transaction values BancTrust stock at approximately $3.08 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of BancTrust for not acting in the Company’s shareholders' best interests in connection with the sale process to Trustmark. BancTrust has a book value of $3.50 a share and an analyst target placed a price for BancTrust stock $6.00 per share.
If you own shares of BankTrust stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org or by calling toll free 877-LEGAL-90.
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