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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 Affinity Bancshares, Inc. (NasdaqCM: AFBI) to Fidelity BancShares (N.C.), Inc.
Under the terms of the proposed transaction, shareholders of Affinity would receive $23.00 in cash, subject to adjustment based on Affinity’s adjusted stockholders’ equity at closing, for each share of Affinity that they own.
KSF is seeking to determine whether the proposed consideration and the process that led to it are adequate, or whether the consideration undervalues Affinity Bancshares, Inc.
If you believe the transaction undervalues the company and/or would like to discuss legal rights related to the proposed sale, KSF states that you may contact Managing Partner Lewis S. Kahn at lewis.kahn@ksfcounsel.com or call toll-free at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqcm-afbi/.
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