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 conduct related to the sale of the Company to Cadence Bancorp LLC, in an all-cash deal valued at about $250 million. Under the terms of the proposed transaction, Encore stockholders will receive $20.62 in cash for each share of Encore common stock they own.
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Whether Encore’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing 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.
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If you own common stock in Encore and wish to obtain additional information, please visit us at
or contact Juan E. Monteverde, Esq. either via e-mail at
or by telephone at (877) 247-4292 or (212) 983-9330.
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