Rigrodsky & Long, P.A.:
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Do you own shares of First Security Group, Inc. (NASDAQ CM: FSGI)?
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Did you purchase any of your shares prior to March 25, 2015?
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Do you think the proposed buyout value is too low?
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Do you want to discuss your rights?
Rigrodsky
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of First Security Group, Inc.
(“FSG” or the “Company”) (NASDAQ CM: FSGI)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Atlantic Capital Bancshares, Inc. (“Atlantic Capital”), in a transaction
valued at approximately $160 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/first-security-group-inc-fsgi.
Under the terms of the agreement, shareholders of FSG shareholders may
elect cash equal to $2.35 per share, stock based on a fixed exchange
ratio of 0.188 shares of Atlantic Capital common stock for each FSG
share or any combination thereof.
The investigation concerns whether FSG’s board of directors failed to
adequately shop the Company and obtain the best possible value for FSG’s
shareholders before entering into an agreement with Atlantic Capital.
According to Yahoo! Finance, at least one analyst has issued a price
target for FSG stock at $2.50 per share.
If you own the common stock of FSG and purchased your shares before
March 25, 2015, if you have information or would like to learn more
about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com,
or at: http://www.rigrodskylong.com/investigations/first-security-group-inc-fsgi.
Rigrodsky
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Copyright Business Wire 2015