Latest Breaking News On - Colony bancorp - Page 1 : comparemela.com

Share this article Share this article NEW YORK, April 22, 2021 /PRNewswire/  WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Colony Bancorp, Inc. ( Colony or the Company ) (NASDAQ: CBAN) in connection with the proposed acquisition of the Company by SouthCrest Financial Group ( SouthCrest ). Under the terms of the merger agreement, each SouthCrest shareholder will have the right to elect to receive either $10.45 in cash or 0.7318 shares of Colony s common stock in exchange for each share of SouthCrest common or preferred stock, subject to customary proration and allocation procedures such that approximately 27.5% of SouthCrest shares will be converted to cash consideration and the remaining 72.5% of SouthCrest shares will be converted to Colony common stock.  The transaction is valued at $84.0 million.

New yorkUnited statesJoshua rubinSouthcrest financial groupColony bancorp incColony bancorpபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்ஜோஷுவா ரூபின்தென்கிழக்கு நிதி குழுகாலனி பேன்கார்ப்