WeissLaw LLP is investigating Spirit of Texas Bancshares, Inc.
NEW YORK, November 19, 2021 / PRNewswire / – WeissLaw LLP investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Spirit of Texas Bancshares, Inc. (“Spirit” or the “Company”) (NASDAQ: STXB) in the in connection with the proposed acquisition of the Company and its wholly owned subsidiary, Spirit of Texas Bank SSB, by Simmons First National Corporation (âSimmonsâ) (NASDAQ: SFNC). Under the merger agreement, holders of Spirit common shares will receive a total of 18,325,000 Simmons common shares, while holders of Spirit stock options and warrants will receive cash payments. The proposed transaction has a total value of approximately $ 581 million.
If you own STXB shares and would like to discuss this investigation or have any questions regarding this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7e Ground
new York, NY 10007
WeissLaw is considering whether (i) Spirit’s board of directors acted in the best interests of the Company’s shareholders in accepting the proposed transaction, (ii) the merger consideration adequately remunerates Spirit’s shareholders, and (iii) all information regarding the sales process and the valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of class and derivative shareholder actions for breach of corporate and fiduciary obligations. We have recovered over $ 1 billion for defrauded clients and obtained significant corporate governance relief in many of these cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud or misleading information), fraud consumers (including false advertising, defective products, or other deceptive marketing practices), or violations of antitrust laws, please email us at [emailÂ protected]
SOURCE WeissLaw LLP