Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Friday, October 2, 2015
Faruqi & Faruqi Investigation: Jacksonville Bancorp, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Jacksonville Bancorp, Inc. (“Company”) (NasdaqCM:JAXB) for potential breaches of fiduciary duties in connection with the sale of the Company to Ameris Bancorp for approximately $96.6 million in a cash or stock transaction.
The Company’s stockholders will only receive either 0.5861 shares of Ameris common stock or $16.50 in cash for each share of Jacksonville Bancorp common stock they own, subject to the total consideration being 75% stock and 25% cash.