Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Opus Bank has obtained a Fair Price in its sale to Pacific Premier Bancorp, Inc.
MILWAUKEE, Feb. 3, 2020 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Opus Bank (Nasdaq: OPB) for possible breaches of fiduciary duty and other violations of the law in connection with the sale to Pacific.
Click here to learn how to join the action: http://ademilaw.com/case/opus-bank or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Opus Bank's financial outlook is improving and yet shareholders will receive only 0.90 shares of Pacific Premier common stock for each share of Opus Bank common stock they own, or approximately $26.82 based on Pacific's stock price on January 31, 2020. The merger agreement unreasonably limits competing bids for Opus Bank by prohibiting solicitation of further bids, and imposing a termination penalty if Opus Bank accepts a superior bid. Opus Bank insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Opus Bank's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Opus Bank.
If you own common stock in Opus Bank and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/opus-bank.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi & O'Reilly, LLP
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