Faruqi & Faruqi, LLP Answers Questions Related to the Proxy Filed with the SEC Related to the Acquisition of Encore Bancshare...
March 23 2012 - 2:58PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Encore Bancshares, Inc. (“Encore” or the “Company”)
(NASDAQ: EBTX) for potential breaches of fiduciary duties in
connection with their failure to disclose certain material
information in the Preliminary Proxy (“Proxy”) filed with the
S.E.C. on March 12, 2012 related to the sale of the Company to
Cadence Bancorp LLC in an all-cash deal valued at about $250
million. Furthermore, the price for the sale of Encore is also
under investigation. Under the terms of the proposed transaction,
Encore stockholders will receive only $20.62 in cash for each share
of Encore common stock they own.
Request more information now by clicking here:
www.faruqilaw.com/ EBTX. There is no cost or obligation to you.
Whether Encore’s Board of Directors breached their fiduciary
duties to Encore’s stockholders by failing to disclose all material
information in the Proxy, whether Encore’s Board of Directors
failed to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues Encore’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
Encore’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Encore and wish to obtain additional
information and protect your investment free of charge, please
visit us at www.faruqilaw.com/EBTX or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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