Intermountain Community Bancorp Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP
28 Juillet 2014 - 10:33PM
Business Wire
Glancy Binkow & Goldberg LLP is investigating potential
claims against the Board of Directors of Intermountain Community
Bancorp (“Intermountain” or the “Company”) (NYSE:IMCB) related to
the proposed acquisition of the Company by Columbia Banking System
Inc (“Columbia”). Under the terms of the agreement, Intermountain
shareholders are to receive $2.2930 in cash plus 0.6426 shares of
Columbia common stock for each share of Intermountain held, valued
at approximately $18.22 per share.
This investigation concerns whether the Board of Directors of
Intermountain breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction.
If you are a shareholder of Intermountain, if you have
information or would like to learn more about our investigation, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Louis Boyarsky, Esquire,
Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite
2100, Los Angeles, CA 90067, by telephone at 310-201-9150 or
Toll-Free at 888-773-9224 or by email to
shareholders@glancylaw.com. This press release may be considered
Attorney Advertising in some jurisdictions under the applicable law
and ethical rules.
Glancy Binkow & Goldberg LLP, Los AngelesLouis Boyarsky,
Esquire310-201-9150 or 888-773-9224shareholders@glancylaw.com
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