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PALMETTO BANCSHARES, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Palmetto Bancshares, Inc. Over the Proposed Sale of the Company to United Community Banks, Inc.Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Palmetto Bancshares, Inc. ("Palmetto" or the "Company") (NASDAQ:PLMT) for potential breaches of fiduciary duties in connection with the sale of the Company to United Community Banks, Inc. ("United Community Banks") (NASDAQ: UCBI) for approximately $248.3 million in a cash or stock transaction. The Company's stockholders will elect to receive either $19.25 in cash, 0.97 shares of United Community Bank, or a combination of both cash and stock for each share of Palmetto's common stock they own. Click here for more information: www.faruqilaw.com/PLMT. There is no cost or obligation to you. The investigation focuses on whether Palmetto's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Palmetto's shareholders. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter (News - Alert) at www.twitter.com/MergerActivity or on Facebook (News - Alert) at www.facebook.com/FaruqiLaw. If you own common stock in Palmetto and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/PLMT or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case. |
