VANTAGESOUTH BANCSHARES INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of VantageSouth Bancshares, Inc. (VSB) Over the Merger of the Company with Yadkin Financial Corporation (YDKN)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of VantageSouth Bancshares, Inc. (“VantageSouth” or the “Company”) (NYSE MKT: VSB) for potential breaches of fiduciary duties in connection with their conduct related to the merger of the Company with Yadkin Financial Corporation in a stock deal valued at approximately $299 million. Under the terms of the proposed transaction, VantageSouth’s stockholders will receive 0.3125 shares of Yadkin common stock for each share of VantageSouth common stock they own. The value of the merger consideration will change based on fluctuations in Yadkin’s stock price.
The investigation focuses on whether VantageSouth’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of VantageSouth’s shareholders.
If you own common stock in VantageSouth Bancshares and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330
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