NEW YORK, May 27, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Aquesta Financial Holdings, Inc. (Other OTC: AQFH) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by United Community Banks, Inc. (NASDAQ: UCBI).
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On May 27, 2021, Aquesta announced that it had signed an agreement to be acquired by United for approximately $131 million. Pursuant to the merger agreement, Aquesta stockholders will receive 0.6386 shares of United common stock for each share of Aquesta common stock owned. The transaction structure also includes the option for Aquesta stockholders to receive their merger consideration in cash, subject to a limitation that no more than 30% of the total consideration is paid in cash by United. The deal is scheduled to close in the fourth quarter of 2021.
Bragar Eagel & Squire is concerned that Aquesta’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Aquesta’s stockholders.
If you own shares of Aquesta and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at investigations@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com