Holzer Holzer & Fistel, LLC is investigating whether the directors of Encore Bancshares, Inc. (“Encore” or the “Company”) (NASDAQ: EBTX) complied with their fiduciary duties in approving the proposed acquisition of the Company by Cadence Bancorp LLC. According to the Company’s announcement, if the deal closes Encore shareholders will receive $20.62 per share of EBTX owned. The investigation seeks to determine, among other things, whether the consideration to be paid to Encore shareholders is fair and adequate. Current holders of Encore common stock with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Corey D. Holzer, Esq. or Marshall P. Dees, Esq. via email at email@example.com, or firstname.lastname@example.org, or via toll-free telephone at (888) 508-6832. Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.
Shares of Encore (Nasdaq:EBTX) have taken a tremendous swing upward. The stock is trading at $20.29 as of 9:50 a.m. ET, 36.1% above Monday's closing price of $14.91. Volume is at 21,672, 1.5 times the daily average of 14,400.