NEW YORK, May 27, 2021 (GLOBE NEWSWIRE) -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Aquesta Financial Holdings, Inc. (“Aquesta” or the “Company”) (OTC: AQFH) in connection with the proposed acquisition of the Company by United Community Banks, Inc. (“United”) (NASDAQ: UCBI). Under the terms of the merger agreement, Aquesta shareholders will receive 0.6386 shares of United common stock for each Aquesta share that they own, representing implied consideration of $21.58 based upon United’s May 26, 2021 closing price of $33.79. The transaction structure includes an election for Aquesta stockholders to receive their consideration in cash, subject to a limitation that no more than 30% of the total consideration paid by United will be in cash. The proposed transaction is valued at approximately $131 million.
If you own Aquesta shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
http://www.weisslawllp.com/AQFH/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw LLP is investigating whether Aquesta’s board acted in the best interest of Aquesta’s stockholders in agreeing to the proposed transaction, whether the merger consideration is fair to the Company’s stockholders and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Aquesta’s stockholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com