Virginia Commerce Bancorp Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to United Bankshares
30 Januar 2013 - 4:06PM
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 Virginia Commerce Bancorp, Inc.
(“Virginia Commerce”) (Nasdaq: VCBI) to United Bankshares, Inc. for
shareholders. Under the terms of the proposed all-stock deal valued
at approximately $490.6 million, Virginia Commerce shareholders
will be entitled to receive only 0.5442 shares of United’s shares
for each share of Virginia Commerce owned, which is approximately
$14 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, via e-mail at zach@powerstaylor.com.
There is no cost or fee to you.
The Virginia Commerce sale investigation centers on whether
Virginia Commerce’s shareholders are receiving adequate
compensation for their shares in the buyout, whether the
transaction undervalues Virginia Commerce’s stock, and whether
Virginia 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 recent
performance of Virginia Commerce, the stock consideration and other
factors, we believe this transaction may undervalue Virginia
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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