NEW YORK, Nov. 17, 2017 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Atlantic Coast Financial Corporation (NASDAQ: ACFC) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Ameris Bancorp. Atlantic Coast shareholders will receive $1.39 in cash and 0.17 shares of Ameris Bancorp common stock for each share of Atlantic Coast they hold. The transaction is valued at approximately $145 million and is expected to close in the second quarter of 2018.
If you are a shareholder of Atlantic Coast Financial Corporation and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/atlanticcoast. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at email@example.com, or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com.
Attorney Advertising. Prior results do not guarantee a similar outcome.
SOURCE Rowley Law PLLC