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CAROLINA FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Carolina Financial Corporation - CARO

November 23, 2019

NEW ORLEANS--(BUSINESS WIRE)--Nov 22, 2019--

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Carolina Financial Corporation (NasdaqGS: CARO) to United Bankshares, Inc. (NasdaqGS: UBSI). Under the terms of the proposed transaction, shareholders of Carolina will receive only 1.13 shares of United for each share of Carolina that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( lewis.kahn@ksfcounsel.com ) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-caro/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191122005552/en/

CONTACT: Kahn Swick & Foti, LLC

Lewis. S. Kahn

855-768-1857

lewis.kahn@ksfcounsel.com

1100 Poydras St., Suite 3200

New Orleans, LA 70163

KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Kahn Swick & Foti

Copyright Business Wire 2019.

PUB: 11/22/2019 07:40 PM/DISC: 11/22/2019 07:40 PM

http://www.businesswire.com/news/home/20191122005552/en