|[September 20, 2013]
Metrocorp Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Acquisition by East West Bancorp
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 Metrocorp
Bancshares, Inc. ("Metrocorp") (NasdaqGS: MCBI) by East West Bancorp,
Inc. for shareholders. Under the terms of the proposed acquisition,
valued at approximately $273 million, Metrocorp shareholders will only
receive the lesser of $14.60 per share and 1.72 times per-share tangible
equity or each share of Metrocorp 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 or via
e-mail at email@example.com.
There is no cost or fee to you.
The investigation into the Metrocorp sale is centered on whether
shareholders are receiving adequate compensation for their shares in the
proposed deal, whether the transaction properly values Metrocorp stock,
and whether Metrocorp's board attempted to obtain the highest share
price for all shareholders prior to agreeing to the deal.
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.
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.
[ Back To Technology News's Homepage ]