Harwood Feffer LLP Announces Investigation of Park Sterling Corporation

NEW YORK, May 2, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Park Sterling Corporation ("Park Sterling" or the "Company") (NASDAQ: PSTB) concerning the proposed acquisition of the Company by South State Corporation ("South State").

Under the terms of the offer, South State would acquire Park Sterling for approximately $690 million.  Pursuant to the terms of the transaction, common shareholders of Park Sterling would receive 0.14 shares of South State common stock for each share of Park Sterling common stock. 

Our investigation concerns whether the Park Sterling board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Park Sterling shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email:  bsachsmichaels@hfesq.com
Website:   http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP