Poage Bankshares, Inc.
(NASDAQ CM: PBSK)
Attention investors who purchased shares of Poage Bankshares, Inc. before July 11, 2018:
Rigrodsky & Long is investigating potential claims against the board of directors of Poage Bankshares, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to be acquired by City Holding Company for approximately $93.5 million.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Poage Bankshares, Inc. (“Poage” or the “Company”) (NASDAQ CM: PBSK) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with City Holding Company (“City”) (NASDAQ GS: CHCO) in a transaction valued at approximately $93.5 million. Under the terms of the agreement, shareholders of Poage will receive 0.335 shares of City common stock for each share of Poage common stock.
If you own common stock of Poage and purchased any shares before July 11, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at firstname.lastname@example.org.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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