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Finkelstein Thompson LLP Announces Investigation Of First Financial Holdings, Inc.

The law firm Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of First Financial Holdings, Inc. (NASDAQ: FFCH) (“First Financial” or “the Company”), concerning the proposed acquisition of the Company by SCBT Financial Corp. (NASDAQ: SCBT). Under the terms of the transaction, shareholders would receive 0.4237 shares of SCBT common stock for every share of First Financial they own, a current value of approximately $18.52 per share. The deal is valued at $302.4 million in the aggregate.

The investigation is focused on the potential unfairness of the consideration to shareholders, the process by which the Company’s Board of Directors considered the transaction, as well as potential conflicts of interest among First Financial’s Board members.

If you are interested in discussing your rights as a First Financial shareholder, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC offices at (202)-337-8000 or by email at contact@finkelsteinthompson.com.

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our website at www.finkelsteinthompson.com. Attorney advising. Prior results do not guarantee similar outcomes.



Copyright Business Wire 2010

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