Shareholders Foundation, Inc.

NASDAQ:FFCH Investor Alert: Investigation of Takeover of First Financial Holdings, Inc.

An investigation on behalf of investors of First Financial Holdings, Inc. (NASDAQ:FFCH) in connection with the proposed takeover was announced and NASDAQ:FFCH stockholders should contact the Shareholders Foundation.

 
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San Diego, CA -- (SBWIRE) -- 02/25/2013 -- An investigation on behalf of investors in H First Financial Holdings, Inc. (NASDAQ:FFCH) shares was announced concerning whether the offer by SCBT Financial Corporation to merge with First Financial Holdings, Inc. for a value of $18.30 per NASDAQ:FFCH share and the takeover process are unfair to investors in First Financial Holdings shares.

Investors who purchased shares of First Financial Holdings, Inc. (NASDAQ:FFCH) prior to February 20, 2013, and currently hold any of those NASDAQ:FFCH shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of First Financial Holdings, Inc. breached their fiduciary duties owed to NASDAQ:FFCH investors in connection with the proposed acquisition.

On Feb. 20, 2013, SCBT Financial Corporation (NASDAQ: SCBT) and First Financial Holdings, Inc. (NASDAQ: FFCH) jointly announced the signing of a merger agreement under which SCBT Financial Corporation and First Financial Holdings, Inc will merge to position the combined company to become a premier regional bank. Under the terms of the agreement, shareholders of First Financial Holdings, Inc. will receive 0.4237 shares of SCBT Financial Corporation (NASDAQ: SCBT) common stock for each share of First Financial Holdings, Inc. (NASDAQ: FFCH) common stock, which equates to a deal value of $18.30 per share based on SCBT’s closing stock price of $43.18 on February 19, 2013.

However, the investigation a law firm concerns whether the proposed transaction is unfair to NASDAQ:FFCH stockholders. More specifically, the investigation focuses on whether the First Financial Holdings 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.

Those who are current investors in First Financial Holdings, Inc. (NASDAQ:FFCH), have certain options and should contact the Shareholders Foundation.

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