Business & Finance
Business and Finance
Business and Finance
Thu, January 20, 2011
Wed, January 19, 2011 Finkelstein Thompson LLP Announces Investigation of Sterling Bancshares, Inc.
WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Sterling Bancshares, Inc. (aSterlinga or the aCompanya) (Nasdaq: SBIB) concerning the proposed acquisition of the Company by Comerica Incorporated. Under the terms of the offer, Sterling shareholders will receive 0.2365 shares of Comerica common stock for each share of the Company's common stock held. Based on Comericaa™s 15-day average closing share price through January11, 2011, the Proposed Transaction values each share of Sterling common stock at $10.00 for a total transaction value of approximately $1 billion.
The investigation is focused on the potential unfairness of the consideration to Sterling shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Sterling Board members.
If you are interested in discussing your rights as a Sterling shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.
