Bank of Commerce Holdings
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BOCH MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF BANK OF COMMERCE HOLDINGS IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – BOCH
June 24, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Bank of Commerce Holdings (NASDAQ: BOCH) to Columbia Banking System, Inc. is fair to Bank of Commerce shareholders. Under the terms of the merger agreement, Bank of Commerce shareholders are entitled to receive 0.40 of a share of Columbia common stock for each share of Bank of Commerce’s stock subject to certain potential adjustments.
The investigation concerns whether Bank of Commerce and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Bank of Commerce shareholders; (2) determine whether Columbia is underpaying for Bank of Commerce; and (3) disclose all material information necessary for Bank of Commerce shareholders to adequately assess and value the merger consideration. On behalf of Bank of Commerce shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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