NEW YORK, NY / ACCESSWIRE / January 23, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Franklin Financial Network, Inc. ("Franklin Financial" or the "Company") (NYSE:FSB) stock prior to January 21, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Franklin Financial to FB Financial Corporation ("FB Financial") (NYSE:FBK). Under the terms of the merger, Franklin Financial shareholders will receive 0.9650 shares of FB Financial common stock and $2.00 in cash for each share of Franklin Financial stock they own. To learn more about the action and your rights, go to: https://www.zlk.com/mna/franklin-financial-network-inc or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Franklin Financial merger investigation concerns whether the Board of Franklin Financial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether FB Financial is underpaying for Franklin Financial shares, thus unlawfully harming Franklin Financial shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP