The Briscoe Law Firm and Powers Taylor, LLP Investigate the Board of Peoples Bancorporation, Inc. ("PBCE") Concerning the Acqui

^{Published on 2011-12-21 09:51:36 - Market Wire}
 

Peoples Bancorporation Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP... -- DALLAS, Dec. 21, 2011  /PRNewswire/ --

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DALLAS, Dec. 21, 2011 /PRNewswire/ -- Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the sale of the remaining shares of Peoples Bancorporation, Inc. ("Peoples Bancorporation" or "PBCE") (OTC BB: PBCE) to SCBT Financial Corporation for PBCE shareholders.  Under the proposed acquisition, PBCE's shareholders will receive 0.1413 shares of SCBT for every share of PBCE stock held. Notably, SCBT stock has declined approximately 25% from a high in April to the present date.

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If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ].  There is no cost or fee to you.

Under the terms of the definitive acquisition agreement, this transaction has an approximate value of $28.4 million. 

The investigation centers on whether PBCE's board of directors adequately shopped the Company to obtain the best price possible for PBCE shareholders before accepting the terms of sale with SCBT.

[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

SOURCE Powers Taylor, LLP