|By PR Newswire||
|August 18, 2014 05:15 PM EDT||
NEW YORK, Aug. 18, 2014 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Intervest Bancshares Corporation (NasdaqGS: IBCA) ("Intervest") in connection with the sale of the Company to Bank of the Ozarks, Inc. (NasdaqGS: OZRK).
Click here to learn about the case: http://docs.wongesq.com/IBCA-Info-Request-Form-364. There is no cost or obligation to you.
Under the terms of the transaction, Intervest shareholders will receive common shares of Bank of the Ozarks stock; the number of shares issued will be determined by the ten day average closing stock price as of the fifth business day prior to the closing date, with a minimum of $23.95 and a maximum of $39.91 per share. The investigation concerns whether the Board of Intervest breached their fiduciary duty to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Bank of the Ozarks is underpaying for Intermountain shares.
If you own common stock in Intervest and wish to obtain additional information, please contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/IBCA-Info-Request-Form-364.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
E-Mail: [email protected]
SOURCE The Law Offices of Vincent Wong
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