Business & Finance
Business and Finance
Business and Finance
Mon, December 13, 2010
Sun, December 12, 2010
Fri, December 10, 2010 Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Center Financial Corporation - CLFC
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Center Financial Corporation (aCentera or the aCompanya) (NASDAQ: CLFC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Nara Bancorp, Inc. (aNaraa) (NASDAQ: NARA) for an estimated $270 million. The proposed transaction offers Center shareholders to only receive 0.7804 share of Nara for each share of Center, valuing the Companya™s stock at approximately $6.77 per share. According to Yahoo! Finance, at least one analyst values the Centera™s common stock at $9.00 per share.
Request more information now by clicking here: [ www.faruqilaw.com/CLFC ]
Whether the Centera™s Board of Directors breached their fiduciary duties to Centera™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Centera™s shares and by how much this proposed transaction undervalues the Company to the detriment of Center shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.
If you own common stock in Center and wish to obtain additional information, please visit us at [ www.faruqilaw.com/CLFC ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising.(C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
