NEW YORK, July,16,2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Reliant Bancorp, Inc. («Reliant» or the «Company») (NASDAQ: RBNC) in connection with the Company’s proposed acquisition by United Community Banks, Inc. («United») (NASDAQ: UCBI). Under the terms of the merger agreement, Reliant shareholders will receive 0.9842 shares of United stock for each Reliant share they own, representing implied per-share merger consideration of approximately $30.30 based upon United’s July 15, 2021 closing price of $30.79. The transaction is valued at approximately $517 million.
If you own Reliant shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether Reliant’s board acted in the best interest of Reliant’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of United, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Reliant’s public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
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SOURCE WeissLaw LLP