Atlantic Coast Settles with Disgruntled Investors

Cumming, Chris
June 2013
American Banker;6/ 7/2013, Vol. 178 Issue F322, p2
Trade Publication
The article mentions Atlantic Coast Financial Corp. in Jacksonville, Florida settled a class-action lawsuit on June 5, 2013 filed by its shareholders who opposed the proposed merger with Bond Street Holdings. The article notes the settlement does not increase the per-share merger price but does provide additional information about the sale. It also notes stockholders will vote on the merger on June 11.


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