Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Virginia Commerce Bancorp, Inc. (“Virginia Commerce”) (Nasdaq: VCBI) to United Bankshares, Inc. for shareholders. Under the terms of the proposed all-stock deal valued at approximately $490.6 million, Virginia Commerce shareholders will be entitled to receive only 0.5442 shares of United’s shares for each share of Virginia Commerce owned, which is approximately $14 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
The Virginia Commerce sale investigation centers on whether Virginia Commerce’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Virginia Commerce’s stock, and whether Virginia Commerce’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, “due to the recent performance of Virginia Commerce, the stock consideration and other factors, we believe this transaction may undervalue Virginia Commerce’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.