Commerce National Bank Shareholder Alert: Briscoe Law Firm and Powers Taylor Investigate Sale to Sterling Savings Bank
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 sale of Commerce National Bank ("Commerce") (OTC BB: CNBF) to Sterling Savings Bank, a subsidiary of Sterling Financial Corporation for shareholders. Under the terms of the proposed sale valued at approximately $42.9 million, Commerce shareholders will only receive $15.10 for each share of Commerce 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, via e-mail at email@example.com. There is no cost or fee to you.
The Commerce sale investigation centers on whether Commerce's shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues Commerce's stock, and whether Commerce's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, "Due to the lack of a significant premium and other factors, we believe this transaction may undervalue Commerce's stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders."
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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The article Commerce National Bank Shareholder Alert: Briscoe Law Firm and Powers Taylor Investigate Sale to Sterling Savings Bank originally appeared on Fool.com.
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