NEW YORK, July 26, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Green Bancorp Inc.
("GNBC" or the "Company") (NASDAQ: GNBC) in connection with the
proposed acquisition of the Company by Veritex Holdings, Inc.
("VBTX") ("NASDAQ: VBTX). Under the terms of the merger
agreement, GNBC shareholders will receive 0.79 of a share of VBTX
for each GNBC share they own. This represents consideration
of $24.44 per share, based on VBTX's
July 25 trading price of price of
$30.94.
WeissLaw is investigating whether GNBC's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $29.00 per share, or nearly $5.00 above the consideration. In addition,
the deal is a strategic transaction which will expand VTBX's
geographic footprint, placing nearly of its franchise branches in
the growing Dallas-Fort Worth and
Houston Metropolitan Statistical Areas. Moreover, with
anticipated earnings per-share accretion of approximately 25% and
substantial improvements to key operating metrics, the acquisition
of GNBC will propel VTBX into a leadership position in the
community banking sector.
Given these facts, WeissLaw is investigating whether GNBC's
shareholders will obtain their fair and proportionate share of the
Company's continued success and growth prospects. If you own
GNBC 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/green-bancorp-inc/
View original
content:http://www.prnewswire.com/news-releases/weisslaw-llp-investigates-green-bancorp-inc-acquisition-300687504.html
SOURCE WeissLaw LLP
