SHAREHOLDER ALERT: Brower Piven Announces the Investigation of SP Bancorp, Inc. in Connection with the Proposed Sale of the ...
15 Mayo 2014 - 2:26PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of SP
Bancorp, Inc. (“SP” or the “Company”) (Nasdaq: SPBC) and other
violations of state law by the board of directors of SP relating to
the proposed sale of the Company by Green Bancorp, Inc.
(“Green”).
Under the terms of the transaction, SP shareholders will receive
$29.55 for each share of SP stock they own. The firm’s
investigation seeks to determine, among other things, whether the
Company’s board of directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into
this transaction, and whether Green is underpaying for SP
shares.
If you currently own common stock of SP and would like to learn
more about the investigation being conducted by Brower Piven,
without cost or obligation to you, click here:
http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. Attorneys at Brower Piven together have more than a
century of experience litigating securities and other class action
cases.
Brower Piven, A Professional CorporationCharles J. Piven1925 Old
Valley RoadStevenson, Maryland 21153Telephone:
410-415-6616hoffman@browerpiven.com
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