Cases
Idaho Independent Bank (Other OTC: IIBK)
Merger
Overview
Overview
- Date:
- 10/15/2018
- Company Name:
- Idaho Independent Bank
- Stock Symbol:
- IIBK
- Company Name - Buyer:
- Veritas Capital and Evergreen Coast Capital
- Status:
- Closed/Complete
- Merger Announcement Date:
- 10/11/2018
NEW YORK, October 15, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Idaho Independent Bank. (Other OTC: IIBK) on behalf of stockholders concerning the proposed acquisition of the company by Veritas Capital and Evergreen Coast Capital.
Pursuant to the proposed transaction, announced on October 11, 2018 and valued at $181 million, Idaho Independent stockholders will receive 0.5 Class A shares of First Interstate for each share of Idaho Independent common stock owned. The investigation focuses on whether Idaho Independent and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Idaho Independent 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 October 11, 2018 and valued at $181 million, Idaho Independent stockholders will receive 0.5 Class A shares of First Interstate for each share of Idaho Independent common stock owned. The investigation focuses on whether Idaho Independent and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Idaho Independent 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.