Cases
AltaPacific Bancorp (Other OTC: ABNK)
Merger
Overview
Overview
- Date:
- 7/29/2019
- Company Name:
- AltaPacific Bancorp
- Stock Symbol:
- ABNK
- Company Name - Buyer:
- Banner Corporation
- Status:
- Closed/Complete
- Merger Announcement Date:
- 7/24/2019
NEW YORK, July 29, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of AltaPacific Bancorp (Other OTC: ABNK) on behalf of AltaPacific shareholders concerning the proposed merger with Banner Corporation.
Pursuant to the proposed transaction, announced on July 24, 2019 and valued at $87.4 million, AltaPacific shareholders will receive 0.2712 shares of Banner common stock for every share of AltaPacific common stock owned. The investigation focuses on whether AltaPacific and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own AltaPacific shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on July 24, 2019 and valued at $87.4 million, AltaPacific shareholders will receive 0.2712 shares of Banner common stock for every share of AltaPacific common stock owned. The investigation focuses on whether AltaPacific and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own AltaPacific shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.