First Security Group, Inc. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

WILMINGTON, Del., March 27, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:

-          Do you own shares of First Security Group, Inc. (NASDAQ CM: FSGI)?
-          Did you purchase any of your shares prior to March 25, 2015?
-          Do you think the proposed buyout value is too low?
-          Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of First Security Group, Inc. ("FSG" or the "Company") (NASDAQ CM: FSGI) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Atlantic Capital Bancshares, Inc. ("Atlantic Capital"), in a transaction valued at approximately $160 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/first-security-group-inc-fsgi.  

Under the terms of the agreement, shareholders of FSG shareholders may elect cash equal to $2.35 per share, stock based on a fixed exchange ratio of 0.188 shares of Atlantic Capital common stock for each FSG share or any combination thereof.

The investigation concerns whether FSG's board of directors failed to adequately shop the Company and obtain the best possible value for FSG's shareholders before entering into an agreement with Atlantic Capital.  According to Yahoo! Finance, at least one analyst has issued a price target for FSG stock at $2.50 per share.

If you own the common stock of FSG and purchased your shares before March 25, 2015, if you have information or would like to learn more about these claims, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at [phone]; by e-mail to [e-mail], or at: http://www.rigrodskylong.com/investigations/first-security-group-inc-fsgi.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:                                                                                             
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
[phone]
[phone]
Fax: [phone]
[e-mail]

http://www.rigrodskylong.com

 

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SOURCE Rigrodsky & Long, P.A.

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