SOUTHCREST FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SouthCrest Financial Group, Inc. – SCSG
NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of SouthCrest Financial Group, Inc. (OTC: SCSG) to Colony Bankcorp, Inc. (Nasdaq: CBAN). Under the terms of the proposed transaction, shareholders of SouthCrest can elect to receive either $10.45 in cash or 0.7318 shares of Colony for each share of SouthCrest that they own, subject to customary proration and allocation procedures. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/otc-scsg/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Contacts
Kahn Swick & Foti, LLC
Lewis S. Kahn, 855-768-1857
Managing Partner
[email protected]
