PR Newswire (paid press release):
NEW ORLEANS, Nov. 20, 2017 /PRNewswire/ — 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 Atlantic Coast Financial Corporation (“Atlantic” or the “Company”) (NASDAQ: ACFC) to Ameris Bancorp (NASDAQ: ABCB). Under the terms of the proposed transaction, shareholders of Atlantic will receive only 0.17 shares of Ameris common stock and $1.39 in cash for each share of Atlantic 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.
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