EQUITY ALERT: Rosen Law Firm Announces Investigation of First Capital Bancorp, Inc. Concerning its Proposed Sale to Park Ster...
01 Outubro 2015 - 3:42PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of First Capital
Bancorp, Inc. (NASDAQ:FCVA) for possible breaches of fiduciary duty
and other violations of law by failing to adequately shop First
Capital Bancorp to maximize shareholder value before agreeing to be
acquired by Park Sterling Corporation (NASDAQ:PSTB).
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-733.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $5.54 in cash or 0.7748 Park Sterling shares for each share
of First Capital Bancorp stock they own, subject to the total
consideration being 70% stock and 30% cash. The proposed
transaction is valued at approximately $82.5 million. The
investigation relates to whether the proposal is fair to the public
shareholders of First Capital Bancorp and whether First Capital
Bancorp’s Board breached its fiduciary duties in connection with
the proposed sale.
If you currently own shares of First Capital Bancorp and wish to
obtain additional information, please visit the firm’s website at
http://rosenlegal.com/cases-733.html. You may also contact Phillip
Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or
via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151001006700/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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