{"id":514249,"date":"2021-07-17T03:03:34","date_gmt":"2021-07-17T07:03:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-reliant-bancorp-inc-has-obtained-a-fair-price-in-its-transaction-with-united-community-banks-inc\/"},"modified":"2021-07-17T03:03:34","modified_gmt":"2021-07-17T07:03:34","slug":"shareholder-alert-ademi-llp-investigates-whether-reliant-bancorp-inc-has-obtained-a-fair-price-in-its-transaction-with-united-community-banks-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-reliant-bancorp-inc-has-obtained-a-fair-price-in-its-transaction-with-united-community-banks-inc\/","title":{"rendered":"Shareholder Alert: Ademi LLP investigates whether Reliant Bancorp, Inc. has obtained a Fair Price in its transaction with United Community Banks, Inc."},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n MILWAUKEE<\/span>, July 17, 2021<\/span> \/PRNewswire\/ — Ademi LLP is investigating Reliant (NASDAQCM: RBNC) for possible breaches of fiduciary duty and other violations of law in its transaction with United. <\/p>\n

Click here to learn how to join the action: https:\/\/www.ademilaw.com\/case\/reliant-bancorp-inc<\/a> or call Guri Ademi<\/span> toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. <\/p>\n

Ademi LLP alleges\u00a0Reliant’s financial outlook is excellent and yet Reliant shareholders will receive only 0.9842 shares of United common stock for each share of Reliant common stock outstanding or $30.58<\/span> per share of Reliant common stock, based on United’s closing stock price of $31.07<\/span> on July 13, 2021<\/span>. The merger agreement unreasonably limits competing bids for Reliant\u00a0by prohibiting solicitation of further bids, and imposing a termination penalty if Reliant\u00a0accepts a superior bid. Reliant\u00a0insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Reliant’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Reliant. <\/p>\n

If you own Reliant\u00a0common stock and wish to obtain additional information, please contact Guri Ademi<\/span> either at gademi@ademilaw.com<\/a>\u00a0or toll-free: 866-264-3995, or https:\/\/www.ademilaw.com\/case\/reliant-bancorp-inc<\/a>.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes. <\/p>\n

\n Contacts<\/b>\n <\/p>\n

Ademi LLP
Guri Ademi<\/span>
Toll Free: (866) 264-3995
Fax: (414) 482-8001<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-ademi-llp-investigates-whether-reliant-bancorp-inc-has-obtained-a-fair-price-in-its-transaction-with-united-community-banks-inc-301335947.html<\/a><\/p>\n

SOURCE Ademi LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire MILWAUKEE, July 17, 2021 \/PRNewswire\/ — Ademi LLP is investigating Reliant (NASDAQCM: RBNC) for possible breaches of fiduciary duty and other violations of law in its transaction with United. Click here to learn how to join the action: https:\/\/www.ademilaw.com\/case\/reliant-bancorp-inc or call Guri Ademi toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. Ademi LLP alleges\u00a0Reliant’s financial outlook is excellent and yet Reliant shareholders will receive only 0.9842 shares of United common stock for each share of Reliant common stock outstanding or $30.58 per share of Reliant common stock, based on United’s closing stock price of $31.07 on July 13, 2021. The merger agreement unreasonably limits competing bids for Reliant\u00a0by prohibiting solicitation of further bids, and imposing … <\/p>\n

Continue reading “Shareholder Alert: Ademi LLP investigates whether Reliant Bancorp, Inc. has obtained a Fair Price in its transaction with United Community Banks, Inc.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-514249","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nShareholder Alert: Ademi LLP investigates whether Reliant Bancorp, Inc. has obtained a Fair Price in its transaction with United Community Banks, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-ademi-llp-investigates-whether-reliant-bancorp-inc-has-obtained-a-fair-price-in-its-transaction-with-united-community-banks-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shareholder Alert: Ademi LLP investigates whether Reliant Bancorp, Inc. has obtained a Fair Price in its transaction with United Community Banks, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MILWAUKEE, July 17, 2021 \/PRNewswire\/ — Ademi LLP is investigating Reliant (NASDAQCM: RBNC) for possible breaches of fiduciary duty and other violations of law in its transaction with United. Click here to learn how to join the action: https:\/\/www.ademilaw.com\/case\/reliant-bancorp-inc or call Guri Ademi toll-free at 866-264-3995.\u00a0 There is no cost or obligation to you. Ademi LLP alleges\u00a0Reliant’s financial outlook is excellent and yet Reliant shareholders will receive only 0.9842 shares of United common stock for each share of Reliant common stock outstanding or $30.58 per share of Reliant common stock, based on United’s closing stock price of $31.07 on July 13, 2021. 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