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 failure to disclose certain material information in the Preliminary Proxy (“Proxy”) filed with the S.E.C. on March 12, 2012 related to the sale of the Company to Cadence Bancorp LLC in an all-cash deal valued at about $250 million. Furthermore, the price for the sale of Encore is also under investigation. Under the terms of the proposed transaction, Encore stockholders will receive only $20.62 in cash for each share of Encore common stock they own. Request more information now by clicking here: www.faruqilaw.com/ EBTX. There is no cost or obligation to you. Whether Encore’s Board of Directors breached their fiduciary duties to Encore’s stockholders by failing to disclose all material information in the Proxy, whether Encore’s Board of Directors failed 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. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. If you own common stock in Encore and wish to obtain additional information and protect your investment free of charge, please visit us at www.faruqilaw.com/EBTX or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
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.