SOUTHERN STATES BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Southern States Bancshares, Inc.
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--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 Southern States Bancshares, Inc. (NasdaqGS: SSBK) to FB Financial Corporation (NYSE: FBK). Under the terms of the proposed transaction, shareholders of Southern States will receive 0.800 shares of FB Financial for each share of Southern States 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.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-ssbk/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
6 minutes ago
- Business Upturn
Infosys inaugurates new Development Center at GIFT City to boost BFSI Tech services
Infosys (NSE, BSE, NYSE: INFY), a global leader in digital services and consulting, has inaugurated its new Development Center (DC) at Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The newly launched facility is designed to support over 1,000 employees operating in a hybrid work model. The center will serve as a strategic TechFin hub, focusing on delivering advanced digital solutions to global Banking, Financial Services, and Insurance (BFSI) clients. Key service areas include digital banking, regulatory compliance, capital markets, trade finance, cards and payments, and risk management. Infosys will harness cutting-edge technologies such as Artificial Intelligence (AI), Generative AI (Gen AI), cloud, APIs, blockchain, and cybersecurity to provide seamless cross-border digital services and enhance client engagement. The Development Center was inaugurated by the Hon'ble Chief Minister of Gujarat, Shri Bhupendrabhai Patel. Infosys CFO Mr. Jayesh Sanghrajka, Senior Vice Presidents Mr. Niladri Prasad Mishra and Mr. Rajneesh Malviya, along with senior government officials, were present at the event. Aligned with Infosys' ESG (Environmental, Social, and Governance) goals, the facility integrates sustainable design features including energy efficiency, water conservation, and smart operational systems. The workplace also supports collaboration, productivity, and innovation through a future-ready hybrid office model. This initiative reinforces Infosys' commitment to strengthening India's role as a global financial technology hub and driving innovation in the BFSI sector. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
29 minutes ago
- Yahoo
Dell Technologies (NYSE:DELL) Appoints Manish Gupta To Lead India Operations
Dell Technologies recently announced the appointment of Manish Gupta as the new President and Managing Director for its India operations. Over the last quarter, Dell's stock price surged 24%, largely aligned with favorable market conditions, which saw a 13% rise over the past year. The increase could be supported by Dell's strong earnings guidance and strategic partnerships, such as collaborations in AI solutions with Accenture and NVIDIA. Additionally, the company's AI infrastructure advancements and share buybacks might have bolstered investor confidence, reinforcing the broader market trend during this period. We've identified 3 warning signs for Dell Technologies that you should be aware of. This technology could replace computers: discover the 22 stocks are working to make quantum computing a reality. The recent appointment of Manish Gupta as Dell's new President for India is poised to further align the company with its AI and collaboration objectives, potentially enhancing revenue streams and strengthening its market presence. Dell's strong emphasis on AI and infrastructure solutions, coupled with strategic partnerships, could bolster revenue growth and earnings forecasts, contingent on successful execution and market conditions. Over the past five years, Dell's total shareholder return, including share price appreciation and dividends, was substantially high at 419.02%. In contrast, over the past year, Dell's shares underperformed compared to the US Tech industry, which had a 2.5% increase, while Dell experienced a 24% surge over the last quarter. This underperformance may reflect broader market pressures and industry challenges amidst growth expectations. The strong share price movement, while positive, positions Dell's current share price ($93.95) below the analysts' consensus price target of $125.98, indicating a potential gap of 25.4%. This suggests that investors see promise in Dell's future prospects, including AI advancements and growth strategies. Yet, as the company navigates competitive pricing and demand fluctuations, the impact on revenue, earnings forecasts, and valuation metrics will be pivotal for long-term success. Dive into the specifics of Dell Technologies here with our thorough balance sheet health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:DELL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
33 minutes ago
- Yahoo
IREN (NasdaqGS:IREN) Surges 48% in One Month After Strong Q3 Earnings
IREN recently reported strong third-quarter financial results, with a marked increase in sales and net income compared to the previous year, which stands out as a potential influence on the company's impressive 48% share price rise over the past month. While this growth in earnings is notable, the overall market environment also played a role, with a 1.8% market rise over the last seven days and a 13% increase over the past 12 months. Although IREN's nine-month results reveal ongoing challenges, recent positive earnings may have bolstered investor confidence, adding weight to the broader market's upward trend. We've spotted 3 weaknesses for IREN you should be aware of, and 2 of them are a bit concerning. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent strong quarterly earnings announcement for IREN (NasdaqGS:IREN) underscores the company's efforts to reshape its business strategy amid changing market conditions. The shift from primarily focusing on volatile cryptocurrency mining to expanding AI and cloud infrastructure could potentially stabilize earnings and boost margins over the long term. This business transformation is echoed in the robust total shareholder return of 102.28% over the past three years, showcasing a significant appreciation in shareholder value. Despite this impressive growth, IREN's shares have underperformed the US Software industry, which saw a 22.6% increase over the last year, highlighting the challenges inherent in its core operations. As IREN pivots towards new growth catalysts like the Childress and Sweetwater projects, the potential for revenue growth remains strong, driven by global demand for digital infrastructure. Analysts forecast a revenue growth of 52.0% annually over the next three years, suggesting promising prospects for near-future profitability transformation. It is essential to consider the recent share price increase in relation to the consensus analyst price target of US$18.52, which exceeds the current price of US$8.89 by 52.0%. This differential indicates a substantial potential for upward revaluation if IREN achieves forecasted growth targets. However, the company's reliance on crypto mining and its ambitious expansion introduce unavoidable risks that could impact these valuations. As always, investors should weigh both the opportunities and uncertainties when considering the company's future trajectory. Our comprehensive valuation report raises the possibility that IREN is priced lower than what may be justified by its financials. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:IREN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
