Press release from Business Wire
CapitalSource Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of CapitalSource to PacWest
Tuesday, July 23, 2013
CapitalSource Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of CapitalSource to PacWest11:36 EDT Tuesday, July 23, 2013
DALLAS (Business Wire) -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of CapitalSource, Inc. (“CapitalSource”) (NYSE: CSE) to PacWest Bancorp for shareholders. Under the terms of the proposed merger agreement, CapitalSource shareholders will receive only $2.47 in cash and 0.2837 shares of PacWest for each share of CapitalSource stock owned. The transaction is valued at approximately $2.3 billion.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607 or via email at firstname.lastname@example.org. There is no cost or fee to you.
The CapitalSource sale investigation centers on whether shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction properly values CapitalSource stock, and whether CapitalSource's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zach Groover, 877-728-9607