SQUARE 1 INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Square 1 Financial, Inc.
NEW ORLEANS, March 4, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Square 1 Financial, Inc. ("Square 1" or the "Company") (NASDAQ: SQBK) to PacWest Bancorp (NASDAQ: PACW). Under the terms of the proposed transaction, shareholders of Square 1 will receive only 0.5997 shares of PacWest common stock for each share of Square 1 stock that they own, implying a total consideration per Square 1 share of approximately $27.49 based on the closing price of PacWest common stock on February 27, 2015 of $45.84, according to Square 1. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) or partner Michael J. Palestina ([email protected]) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC
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