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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Franklin Financial Network, Inc. (“Franklin Financial” or the “Company”) (NYSE: FSB) to FB Financial Corporation (“FB Financial”) (NYSE: FBK). Under the terms of the merger, Franklin Financial shareholders will receive 0.9650 shares of FB Financial common stock and $2.00 in cash for each share of Franklin Financial stock they own.
The Franklin Financial merger investigation concerns whether the Board of Franklin Financial breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether FB Financial is underpaying for Franklin Financial shares, thus unlawfully harming Franklin Financial shareholders.
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