|[September 20, 2013]
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of MetroCorp Bancshares, Inc. Buyout
WILMINGTON, Del. --(Business Wire)--
Rigrodsky & Long, P.A.:
Do you own shares of MetroCorp Bancshares, Inc. (NASDAQ GS: MCBI)?
Did you purchase any of your shares prior to September 18, 2013?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of MetroCorp Bancshares, Inc.
("MetroCorp" or the "Company") (NASDAQ GS: MCBI)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company's entry into an agreement to be acquired by
East West Bancorp, Inc. ("East West") (NASDAQ GS: EWBC)
in a transaction valued at approximately $273 million.
Click here to learn more: http://rigrodskylong.com/investigations/metrocorp-bancshares-inc-mcbi.
Under the terms of the agreement, public shareholders of MetroCorp will
receive the lesser of $14.60 per share in cash and 1.72 times the per
share tangible equity for each share of MetroCorp they own.
The investigation concerns whether MetroCorp's board of directors failed
to adequately shop the Company and obtain the best possible value for
MetroCorp's shareholders before entering into an agreement with East
If you own the common stock of MetroCorp and purchased your shares
before September 18, 2013, if you have information or would like to
learn more about these claims, or if you wish to discuss these matters
or have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Seth Rigrodsky
or Shaye Fuchs at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite
300, Garden City, New York 11530, by telephone at (888) 969-4242; by
e-mail to firstname.lastname@example.org,
or at: http://rigrodskylong.com/investigations/metrocorp-bancshares-inc-mcbi.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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