Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of First Financial Holdings, Inc. (FFCH)

NEW YORK--()--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of First Financial Holdings, Inc. (“First Financial” or the “Company”) (NasdaqGS: FFCH) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to SCBT Financial Corporation (“SCBT”) (NasdaqGS: SCBT) in a stock-for-stock deal valued at approximately $302.4 million. Under the terms of the proposed transaction, First Financial’s stockholders will receive 0.4237 of a SCBT share per each share of First Financial’s common stock they own. The consideration to be received by First Financial’s shareholders is valued at $19.99 based on today’s SCBT closing price.

Request more information now by clicking here: www.faruqilaw.com/FFCH. There is no cost or obligation to you.

The investigation focuses on whether First Financial’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of First Financial’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in First Financial and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FFCH or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.


Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: 877-247-4292
Phone: 212-983-9330

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Release Summary

Faruqi & Faruqi, LLP is investigating the Board of Directors of First Financial Holdings for potential breaches of fiduciary duties related to the sale of the company to SCBT Financial Corporation.

Faruqi & Faruqi, LLP