|[September 24, 2013]
Law Firm Brower Piven Announces Investigation of MetroCorp Bancshares, Inc. Proposed Buyout
STEVENSON, Md. --(Business Wire)--
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of MetroCorp Bancshares, Inc.
("MetroCorp" or the "Company") (NASDAQ: MCBI) and other violations of
state law by the board of directors of MetroCorp relating to the
proposed buyout of the Company by East West Bancorp, Inc. The firm's
investigation seeks to determine, among other things, whether the board
of directors of MetroCorp breached heir fiduciary duties by failing to
maximize shareholder value.
According to the press release announcing the proposed buyout, MetroCorp
shareholders will receive the lesser of $14.60 per share and 1.72 times
the per share tangible equity, as adjusted, for each share of MetroCorp
stock they own.
If you currently own common stock of MetroCorp and would like to learn
more about the investigation being conducted by Brower Piven, you may
email or call Brower Piven, who will, without obligation or cost to you,
attempt to answer your questions. You may contact Brower Piven by email
by calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys
at Brower Piven have combined experience litigating securities and other
class action cases of over 60 years.
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