INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Intervest Bancshares Corp. & Its Board of Directors In Conne...
14 Agosto 2014 - 3:27PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Intervest Bancshares Corporation (“Intervest” or “the Company”)
(NasdaqGS:IBCA) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Bank of the Ozarks, Inc. (NasdaqGS:OZRK).
Click here to learn more about the investigation:
http://zlk.9nl.com/intervest-bancshares-ibca, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the agreement, Intervest shareholders will
receive common shares of Bank of the Ozarks stock; the number of
shares issued will be determined by the ten day average closing
stock price as of the fifth business day prior to the closing date,
with a minimum and maximum price of $23.95 and $39.91. The
investigation concerns whether the Board of Intervest breached
their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into this transaction,
and whether Bank of the Ozarks, Inc. is underpaying for Intervest
shares.
If you own Intervest common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/intervest-bancshares-ibca.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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