LOS ANGELES -- (Business Wire)
Glancy Binkow & Goldberg LLP announces that it is investigating
potential claims against the Board of Directors of First Financial
Holdings Inc. (“First Financial” or the “Company”) (NASDAQ: FFCH)
related to the proposed acquisition of the Company by SCBT Financial
Corporation. Pursuant to the terms of the acquisition, First Financial
shareholders will receive 0.4237 shares of SCBT common stock per share
of First Financial common stock held. The transaction is valued at
approximately $302.4 million or $18.30 per share, based on Tuesday’s
This investigation concerns whether the Board of Directors of First
Financial breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the proposed
transaction, and whether the Company has disclosed all material
information to shareholders about the transaction. The Company has seen
substantial recent growth. Its share price has skyrocketed from $8.59 on
June 5, 2012 to $16.64 on February 12, 2013.
If you are a shareholder of First Financial, if you have information or
would like to learn
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East,
Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or
Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire
Source: Glancy Binkow & Goldberg LLP
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