TMCnet News
SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Greater Sacramento Bancorp And Encourages Investors To Contact The Firm For Additional InformationSTEVENSON, Md. --(Business Wire)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Greater Sacramento Bancorp ("Greater Sacramento" or the "Company") (OTC: GSCB) relating to the proposed acquisition of the Company by AmericanWest Bank ("AmericanWest"). Under the terms of the proposed transaction, Greater Sacramento shareholders will receive $22.05 in cash for each share of common stock they own. The firm's investigation seeks to determine, among other things, whether Greater Sacramento's Board of Directors faild to satisfy their duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock. If you currently own common stock of Greater Sacramento and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616. Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. |
