NEW YORK, Feb. 5, 2014 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of VantageSouth Bancshares, Inc. (NYSE MKT: VSB) ("VantageSouth") in connection with the sale of the Company to Yadkin Financial Corporation (NasdaqGS: YDKN). Click here to learn about the case: http://docs.wongesq.com/VSB-Info-Request-Form-155. There is no cost or obligation to you. Under the terms of the transaction, VantageSouth shareholders will receive 0.3125 shares of Yadkin stock for each share of VantageSouth stock they own. The investigation concerns whether the VantageSouth Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for VantageSouth shareholders. If you own common stock in VantageSouth and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/VSB-Info-Request-Form-155. Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: firstname.lastname@example.org SOURCE The Law Offices of Vincent Wong
Yadkin Financial (YDKN) and VantageSouth Bancshares (VSB) both rise after the two companies announced a definitive merger agreement. The merger will result in the largest community bank headquartered in North Carolina with approximately $4 billion in assets. The transaction would be worth approximately $299 million on the effective date based on Yadkin's closing price of $17.31 on Jan. 24. VantageSouth shareholders will receive 0.3125 shares of Yadkin Financial common stock for each share of VantageSouth common stock they own.