|[July 30, 2014]
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Intermountain Community Bancorp Stockholders
NEW YORK --(Business Wire)--
Kirby McInerney LLP is investigating potential claims against
Intermountain Community Bancorp ("Intermountain" or the "Company")
(Nasdaq:IMCB) concerning the proposed acquisition of the Company by
Columbia Banking System, Inc. ("Columbia") (Nasdaq:COLB). Under the
terms of the definitive merger agreement, Intermountain stockholders
will receive $2.2930 in cash and 0.6426 shares of Columbia common stock
for each share of Intermountain common stock they own, valuing the deal
at approximately $18.22 per share. The total transaction value is
approximately $121.5 million.
The investigation concerns whether the Intermountain Board of Directors
violated its fiduciary duties by agreeing to the proposed transaction
and whether the proposed consideration adequately values the Company's
If you are an Intermountain stockholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org,
or telephone at (212) 699-1145, or Melissa Fortunato, Esq. by email at email@example.com,
or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling
out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in
securities, stockholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to www.kmllp.com.
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