San Diego, CA -- (SBWIRE) -- 05/19/2017 -- The takeover of Capital Bank Financial Corp is under investigation over potential wrongdoing. The investigation was announced for investors, who currently hold shares of Capital Bank Financial Corp (NASDAQ:CBF), concerning whether the takeover of Capital Bank Financial Corp. by First Horizon National Corp for a value of approximately $40.835 per share is unfair.

Investors who purchased shares of Capital Bank Financial Corp (NASDAQ:CBF) and currently hold any of those NASDAQ:CBF shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain directors of Capital Bank Financial Corp breached their fiduciary duties owed to NASDAQ:CBF investors in connection with the proposed acquisition.

On May 04, 2017, First Horizon National Corp. (NYSE:FHN) and Capital Bank Financial Corp (NASDAQ:CBF) have entered into an agreement that will create the fourth largest regional bank in the Southeast. Under the agreement First Horizon, which has $30 billion in assets, will acquire Capital Bank Financial Corp (NASDAQ:CBF), which has $10 billion in assets. Under the agreement, each holder of Capital Bank Financial Corp (NASDAQ:CBF) common stock will be entitled to receive cash or stock with a value equivalent to 1.750 First Horizon shares and $7.90 in cash for each Capital Bank Financial Corp (NASDAQ:CBF) share held, subject to the election allocation and proration provisions of the merger agreement. Based on May 3, 2017 closing prices, that values the Capital Bank Financial Corp (NASDAQ:CBF) shares at $40.835 per share.

However, given that at least one analyst has set the high target price for NASDAQ:CBF shares at $50.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:CBF stockholders. More specifically, the investigation concerns whether the Capital Bank Financial Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On May 18, 2017, NASDAQ:CBF shares closed at $37.50 per share.

Those who are current investors in Capital Bank Financial Corp shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com