SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Intermountain Community Bancorp in Connection with the Sal...
01 Agosto 2014 - 7:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Intermountain Community Bancorp (“Intermountain” or the “Company”)
(Nasdaq: IMCB) relating to the proposed acquisition by Columbia
Banking System, Inc. (“Columbia”).
Click here to learn more about the investigation
http://brodsky-smith.com/800-imcb-intermountain-community-bancorp.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Intermountain shareholders
will receive only 0.6426 of a Columbia share and $2.2930 in cash
for each share of Intermountain stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Intermountain for not
acting in the Company’s shareholders' best interests in connection
with the sale process. The transaction may undervalue Intermountain
and will result in a loss for many long-term holders of
Intermountain stock. In addition, the premium being paid is below
that in comparable transactions and on July 23, 2014, Intermountain
announced strong second quarter results.
If you own shares of Intermountain common stock and wish to
discuss the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/800-imcb-intermountain-community-bancorp.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/800-imcb-intermountain-community-bancorp.html
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