Law Offices of Howard G. Smith Announces Investigation of Intermountain Community Bancorp
29 Julho 2014 - 1:31PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
Intermountain Community Bancorp (“Intermountain” or the “Company”)
(NYSE:IMCB) related to the proposed acquisition of the Company by
Columbia Banking System (“Columbia”). Intermountain shareholders
are to receive $2.2930 in cash plus 0.6426 shares of Columbia
common stock for each share of Intermountain held, valued at
approximately $18.22 per share.
This investigation concerns whether the Board of Directors of
Intermountain breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction.
If you are a shareholder of Intermountain, if you have
information or would like to learn more about our investigation, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll
Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith, Esquire(215)
638-4847Toll Free (888)
638-4847howardsmith@howardsmithlaw.comhttp://www.howardsmithlaw.com.
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