WILMINGTON, Del., Nov. 11, 2013 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of MetroCorp Bancshares, Inc. (NASDAQ
GS: MCBI)?
- Did you purchase any of your shares prior to September 18, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of MetroCorp
Bancshares, Inc. ("MetroCorp" or the "Company") (NASDAQ GS: MCBI)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by East West Bancorp, Inc. ("East West") (NASDAQ GS:
EWBC) in a transaction valued at approximately $273 million.
Click here to learn more:
http://rigrodskylong.com/investigations/metrocorp-bancshares-inc-mcbi.
Under the terms of the agreement, public shareholders of
MetroCorp will receive the lesser of $14.60 per share in cash and 1.72 times the per
share tangible equity for each share of MetroCorp they own.
The investigation concerns whether MetroCorp's board of
directors failed to adequately shop the Company and obtain the best
possible value for MetroCorp's shareholders before entering into an
agreement with East West.
If you own the common stock of MetroCorp and purchased your
shares before September 18, 2013, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth Rigrodsky or Gina
Serra at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New
York 11530, by telephone at (888) 969-4242; by e-mail to
info@rigrodskylong.com, or at:
http://rigrodskylong.com/investigations/metrocorp-bancshares-inc-mcbi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth Rigrodsky
Gina Serra
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rigrodskylong.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.