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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates ADTN, PTRS, GFED, STXB; Shareholders are Encouraged to Contact the Firm

December 15, 2021 GMT

NEW YORK, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

ADTRAN, Inc. (NASDAQ: ADTN) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with ADVA. Following completion of the transaction, ADTRAN shareholders are expected to own approximately 54% of the combined company. If you are an ADTRAN shareholder, click here to learn more about your rights and options.

Partners Bancorp (NASDAQ: PTRS) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to OceanFirst Financial Corp. Under the terms of the merger agreement, Partners Bancorp shareholders may elect to receive $10.00 in cash or 0.4512 shares of OceanFirst common stock for each share of Partners Bancorp common stock they own. If you are a Partners Bancorp shareholder, click here to learn more about your rights and options.

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Guaranty Federal Bancshares, Inc. (NASDAQ: GFED) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to QCR Holdings, Inc. Under the terms of the merger, Guaranty shareholders may elect to receive, subject to proration, (i) $30.50 in cash, (ii) 0.58775 shares of QCR common stock, or (iii) mixed consideration of $6.10 in cash and 0.4702 shares of QCR common stock for each share of Guaranty common stock they own. If you are a Guaranty shareholder, click here to learn more about your rights and options.

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Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Simmons First National Corporation. Under the terms and subject to the conditions of the merger agreement, shares of Spirit’s common stock and Spirit’s restricted stock units will be converted into the right to receive shares of Simmons’ common stock, and Spirit’s stock options and warrants will be cashed out. If you are a Spirit shareholder, click here to learn more about your rights and options.

Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.

Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com   
https://www.halpersadeh.com