NEW YORK, Jan. 24, 2014 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of North Valley
Bancorp ("North Valley" or "the Company") (Nasdaq: NOVB) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to TriCo Bancshares
(NasdaqGS: TCBK).
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Click here to learn more about the action
http://zlk.9nl.com/north-valley-bancorp-novb, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, North Valley shareholders
will receive 0.9433 shares of TriCo Bancshares common stock for
each share of North Valley common stock they own, representing a
value of approximately $26.09 per
share. The transaction has a total approximate value of
$178.4 million. The investigation
concerns whether the North Valley Board breached their fiduciary
duties to stockholders by failing to adequately shop the Company
before agreeing to enter into this transaction, and whether TriCo
Bancshares is underpaying for North Valley shares.
If you own North Valley 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/north-valley-bancorp-novb.
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, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP