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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale ofSouthwest Georgia Financial Corporation (“Southwest Georgia” or the “Company”) (NYSE: SGB) to The First Bancshares, Inc. (“First Bancshares”) (NASDAQ: FBMS). Under the terms of the agreement, each Southwest Georgia shareholder will receive 1.00 share of First Bancshares’s common stock in exchange for each share of Southwest Georgia common stock.
The Southwest Georgia merger investigation concerns whether the Board of Southwest Georgia breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether First Bancshares is underpaying for Southwest Georgia shares, thus unlawfully harming Southwest Georgia shareholders.
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