INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of ASB Bancorp, Inc. to First Bancorp is Fair to Shareholders - ASBB

NEW YORK, May 9, 2017 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased ASB Bancorp, Inc. (NASDAQ: ASBB) stock prior to May 1, 2017.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of ASB Bancorp, Inc. to First Bancorp (NYSE: FBNC). Under the terms of the transaction, shareholders of ASB Bancorp will receive 1.44 shares of First Bancorp common stock, $41.90 in cash, or a combination thereof, for each share of ASB Bancorp common stock they own. To learn more about the action and your rights, go to: 

http://zlk.9nl.com/asb-bancorp-asbb

 or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

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SOURCE Levi & Korsinsky, LLP