Shareholder alert: weisslaw llp investigates atlantic capital bancshares, inc.

New york, july 23, 2021 /prnewswire/ -- weisslaw llp is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of atlantic capital bancshares, inc. ("atlantic capital" or the "company") (nasdaq: acbi) in connection with the company's proposed acquisition by southstate corporation ("southstate") (nasdaq: ssb). under the terms of the merger agreement, the company's shareholders will receive 0.36 shares of southstate common stock for each atlantic capital share that they own, representing implied per-share merger consideration of approximately $26.43 based upon southstate's july 22, 2021 closing price of $73.42.
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