|[February 20, 2013]
First Financial Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to SCBT Financial
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the merger of First Financial
Holdings, Inc. ("First Financial") (Nasdaq: FFCH) with SCBT Financial
Corporation for shareholders. Under the terms of the proposed merger
valued at approximately $302.4 million, First shareholders will only
receive 0.4237 shares of SCBT common stock per share of First common
stock. Based on Tuesday's closing price, the proposed consideration is
valued at approximately $18.30 per share.
If you are an affected investor, and ou want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The First Financial merger investigation centers on whether First
Financial's shareholders are receiving adequate compensation for their
shares in the proposed merger, whether the transaction undervalues First
Financial's stock, and whether First Financial's board attempted to
obtain the highest share price for all shareholders prior to agreeing to
the deal. According to shareholder rights attorney Willie Briscoe,
"based on the stock for stock nature of the deal, the value of the
consideration, and other factors, we are concerned that this transaction
may undervalue First Financial's stock. Our proposed lawsuit will seek
to obtain the highest share price for all shareholders."
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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