Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the proposed merger between Community Financial Corp. (“Company” or “CFFC”) (Nasdaq: CFFC) and City Holding Co. for shareholders. Under the proposed transaction, CFFC shareholders will receive 0.1753 shares of City Holding common stock for each share of CFFC stock owned. Based upon City Holding's closing price on August 2nd, CFFC shareholders will only receive a value of approximately $6 per share, well below the Company’s book value of $8.71 per share, according to CFFC’s most recent quarterly report.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The proposed transaction is an all-stock deal valued at approximately $26.1 million.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.