Business & Finance
Fri, March 9, 2012
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Encore Bancshares, Inc. (aEncorea or the aCompanya) (Nasdaq: EBTX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Cadence Bancorp, LLC. Under the terms of the agreement, Encore shareholders will receive $20.62 for each share of Encore stock they own. The transaction has a total approximate value of $250 million.
Click here to learn how to join the action: [ http://www.zlk.com/encore-bancshares-ebtx ], or call: 877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the Encore Board of Directors breached their fiduciary duties to Encore stockholders by failing to adequately shop the Company before entering into this transaction and whether Cadence Bancorp, LLC is underpaying for Encore shares, thus unlawfully harming Encore stockholders.
If you own common stock in Encore and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, [ http://www.zlk.com ].
Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
[ www.zlk.com ]
