Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Intermountain Community Bancorp Stockholders
31 Juillet 2014 - 12:28AM
Business Wire
Kirby McInerney LLP is investigating potential claims against
Intermountain Community Bancorp (“Intermountain” or the “Company”)
(Nasdaq:IMCB) concerning the proposed acquisition of the Company by
Columbia Banking System, Inc. (“Columbia”) (Nasdaq:COLB). Under the
terms of the definitive merger agreement, Intermountain
stockholders will receive $2.2930 in cash and 0.6426 shares of
Columbia common stock for each share of Intermountain common stock
they own, valuing the deal at approximately $18.22 per share. The
total transaction value is approximately $121.5 million.
The investigation concerns whether the Intermountain Board of
Directors violated its fiduciary duties by agreeing to the proposed
transaction and whether the proposed consideration adequately
values the Company’s common stock.
If you are an Intermountain stockholder and wish to obtain
additional information, please contact J. Brandon Walker, Esq.
by email at bwalker@kmllp.com, or telephone at (212) 699-1145, or
Melissa Fortunato, Esq. by email at mfortunato@kmllp.com, or
telephone at (212) 699-1141, or toll free at (888) 529-4787, or by
filling out this contact form. There is no cost or obligation to
you.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, stockholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to
www.kmllp.com.
Kirby McInerney LLPJ. Brandon Walker, Esq.,
212-699-1145bwalker@kmllp.comorMelissa Fortunato, Esq.,
212-699-1141mfortunato@kmllp.comorToll Free: 888-529-4787
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