NEW YORK, May 4, 2017 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against
the board of directors of Capital Bank Financial
Corp. ("Capital Bank" or the "Company") (NASDAQ: CBF)
concerning the proposed acquisition of the Company by First Horizon
National Corp. ("First Horizon") in a transaction valued at
approximately $2.2 billion.
Pursuant to the terms of the transaction, First Horizon will
exchange 1.750 of its shares and $7.90 in cash for each Capital Bank share
outstanding. Based on May 3,
2017 closing prices, that values the Capital Bank shares at
$40.835 per share. Capital
Bank's stock has gained more than 7% year to date. Our
investigation concerns whether the Capital Bank board of directors
is fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company stockholders.
If you own Capital Bank shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Robert I. Harwood, Esq.
Daniella Quitt, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: rharwood@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP