Sterling Financial Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Inves
Sterling Financial Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Umpqua
DALLAS--(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 Sterling Financial Corporation ("Sterling") (NasdaqCM: STSA) by Umpqua Holdings Corporation for shareholders. Under the terms of the proposed merger valued at approximately $2 billion, Sterling shareholders will receive 1.671 shares of Umpqua common stock and $2.18 in cash for each share of Sterling stock owned. Based on Umpqua's closing price on September 11, 2013, the total value of the merger is approximately $30.52 per share.
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 email@example.com. There is no cost or fee to you.
The investigation into the Sterling merger is focused on whether shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction properly values Sterling stock, and whether Sterling'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.
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