SHAREHOLDER ALERT: Weiss Law Investigates Professional Holding Corp.

SHAREHOLDER ALERT: Weiss Law Investigates Professional Holding Corp.

PR Newswire

NEW YORK, Aug. 8, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Professional Holding Corp. ("Professional Holding" or the "Company") (NASDAQ: PFHD) in connection with the proposed acquisition of the Company by Seacoast Banking Corporation of Florida ("Seacoast") (NASDAQ: SBCF).  Under the terms of the merger agreement, the Company's shareholders will receive 0.8909 shares of Seacoast common stock for each Professional Holding share owned, representing implied per-share merger consideration of approximately $32.74 based upon Seacoast's August 5, 2022 closing price of $36.75.

If you own Professional Holding shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/pfhd 

Or please contact:

Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY  10007
(212) 682-3025

(888) 593-4771
[email protected]

Weiss Law is investigating whether (i) Professional Holding's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Professional Holding's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. 

Weiss Law 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 [email protected]

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SOURCE Weiss Law

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