NEW YORK, Jan. 24, 2014 /PRNewswire/ -- Juan E.
Monteverde, a partner at Faruqi & Faruqi, LLP, a leading
national securities firm headquartered in New York City, is investigating the Board of
Directors of North Valley Bancorp ("North Valley" or the "Company")
(NASDAQ: NOVB) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
TriCo Bancshares in a stock deal valued at approximately
$178.4 million. Under the terms
of the proposed transaction, North Valley's stockholders will
receive a fixed exchange ratio of 0.9433 shares of TriCo common
stock for each share of North Valley common stock they own. The
value of the merger consideration will change based on fluctuations
in TriCo's stock price.
Request more information now by clicking here:
www.faruqilaw.com/NOVB. There is no cost or obligation to
you.
The investigation focuses on whether North Valley's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of North Valley's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
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If you own common stock in North Valley Bancorp and wish to
obtain additional information and protect your investments free of
charge, please visit us at www.faruqilaw.com/NOVB or contact
Juan E. Monteverde, Esq. either via
e-mail at jmonteverde@faruqilaw.com or by telephone at (877)
247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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