NEW YORK, March 7, 2012 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of Encore Bancshares, Inc. ("Encore" or the "Company")
(NASDAQ: EBTX) concerning the Company's agreement to be purchased
by Cadence Bancorp, LLC ("Cadence") in a transaction valued at
approximately $250 million.
(Logo:
http://photos.prnewswire.com/prnh/20120215/MM54604LOGO )
On March 6, 2012, it was announced
that Encore and Cadence had entered into an agreement pursuant to
which Cadence will acquire the outstanding shares of Encore.
Under the agreement, Encore shareholders will receive $20.62 per share held.
Our investigation concerns whether the board of directors is
fulfilling its fiduciary duties, maximizing the value of Encore,
disclosing all material benefits and costs and obtaining full and
fair consideration for Encore shareholders.
If you own Encore shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
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Robert I.
Harwood, Esq.
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Benjamin
Sachs-Michaels
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Harwood Feffer
LLP
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488 Madison
Avenue
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New York, New York
10022
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Phone Numbers: (877)
935-7400
(212)
935-7400
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Email:
bsachsmichaels@hfesq.com
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Website:
http://www.hfesq.com
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Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP