NEW YORK, March 13, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of United Community
Bancorp ("UCBA" or the "Company") (NASDAQ: UCBA) in connection with
the proposed acquisition of the Company by Civista Bancshares, Inc.
("CIVB") (NASDAQ: CIVB). Under the terms of the acquisition
agreement, the Company's shareholders will be entitled to receive
$2.54 in cash and 1.027 shares of
CIVB for each share of UCBA they own.
WeissLaw is investigating whether UCBA's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the acquisition is a deliberate and financially compelling
deal that offers CIVB numerous benefits, including:
- Improved footprint in the 5 largest marketplaces in
Ohio;
- Entrance into the Cincinnati Metropolitan Services Area with
access to UCBA's five area branches; and
- Increased scale and growth acceleration.
Finally, the transaction is expected to be immediately accretive
to earnings per share in 2018.
Given these facts, WeissLaw is investigating whether UCBA's
shareholders will obtain their fair and proportionate share of the
Company's continued success and growth prospects. If you own
UCBA shares and would like more information about your rights or
our investigation, or if you have information to share with us,
please contact Joshua Rubin
by telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/united-community-bancorp/.
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SOURCE WeissLaw LLP
