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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Sterling Bancshares, Inc., in Connection wi

^{Published on 2011-01-19 16:40:28 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Sterling Bancshares, Inc. (aSterlinga or the aCompanya) (NASDAQ:SBIB) related to the Companya™s agreement to be acquired by Comerica Incorporated (aComericaa). The proposed stock-for-stock transaction is valued at approximately $1 billion.

Under the terms of the definitive agreement entered into by the parties, upon closing Sterling shareholders will receive 0.2365 shares of Comerica common stock in exchange for each share they own of Sterling common stock. The proposed transaction values Sterling stock at approximately $10.00 per share. The transaction is expected to be completed by mid-year 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Sterlinga™s board of directors.

If you are a shareholder of Sterling, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].