Metrocorp Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Acquisition by East West Banc...
20 Setembro 2013 - 2:11PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating the acquisition of Metrocorp Bancshares, Inc.
(“Metrocorp”) (NasdaqGS: MCBI) by East West Bancorp, Inc. for
shareholders. Under the terms of the proposed acquisition, valued
at approximately $273 million, Metrocorp shareholders will only
receive the lesser of $14.60 per share and 1.72 times per-share
tangible equity for each share of Metrocorp stock owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, please contact Willie Briscoe
at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at
WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor
LLP, toll free (877) 728-9607 or via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
The investigation into the Metrocorp sale is centered on whether
shareholders are receiving adequate compensation for their shares
in the proposed deal, whether the transaction properly values
Metrocorp stock, and whether Metrocorp’s board attempted to obtain
the highest share price for all shareholders prior to agreeing to
the deal.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor LLPZach
Groover, 877-728-9607shareholder@powerstaylor.com
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