SHAREHOLDER ALERT:  Brodsky & Smith, LLC Announces an Investigation of Capital Bank Financial Corp.- CBF

 

BALA CYNWYD, July 20, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Capital Bank Financial Corp. (“Capital Bank” or “the Company”) (Nasdaq- CBF-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to First Horizon National Corp. (“First Horizon”).

Under the terms of the transaction, Capital Bank shareholders will receive only 1.750 First Horizon shares and $7.90 in cash for each share of Capital Bank stock they own. The transaction values Capital Bank at only approximately $40.83 per share. The investigation concerns whether the Board of  Capital Bank breached their fiduciary duties to shareholders and whether First Horizon is underpaying for the Company. The transaction may undervalue the Company and would result in no real gain or a loss for many Capital Bank shareholders. For example, shares of Capital Bank have traded at $43.50 per share and an analyst has set a $50.00 per share price target for Capital Bank stock.

If you own shares of Capital Bank stock and wish to discuss the legal ramifications of  the investigation, 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 510, Bala Cynwyd, PA  19004, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.