20:36 ETShareholder Alert: Ademi LLP investigates whether Pacific Financial Corporation is obtaining a Fair Price for Public Shareholders
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Ademi LLP is investigating Pacific Financial Corporation for potential breaches of fiduciary duty related to its merger with Banner Corporation. Shareholders will receive 0.2633 shares of Banner stock for each share of Pacific Financial, valuing the merger at approximately $177 million. The investigation focuses on whether the Pacific Financial board is acting in the best interests of shareholders, as the transaction limits competing offers and provides substantial benefits to insiders. Ademi LLP specializes in shareholder litigation regarding mergers and buyouts.
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