Press release from Business Wire
Rigrodsky & Long, P.A. Announces Investigation Of CapitalSource, Inc. Buyout
Thursday, July 25, 2013
Rigrodsky & Long, P.A. Announces Investigation Of CapitalSource, Inc. Buyout18:32 EDT Thursday, July 25, 2013
WILMINGTON, Del. (Business Wire) -- Rigrodsky & Long, P.A.:
- Do you own shares of CapitalSource, Inc. (NYSE: CSE )?
- Did you purchase any of your shares prior to July 22, 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 CapitalSource, Inc. (“CapitalSource” or the “Company”) (NYSE: CSE) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by PacWest Bancorp (“PacWest”) (NASDAQ GS: PACW) in a transaction valued at approximately $2.3 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/capitalsource-inc-cse.
Under the terms of the proposal, public shareholders of CapitalSource will receive $2.47 in cash and 0.2837 shares of PacWest for each share of CapitalSource they own. Based upon PacWest's closing stock price of $32.32 on July 19, 2013, CapitalSource shareholders would have received consideration valued at approximately $11.64 per share.
The investigation concerns whether CapitalSource's board of directors failed to adequately shop the Company and obtain the best possible value for CapitalSource's shareholders before entering into an agreement with PacWest.
If you own the common stock of CapitalSource and purchased your shares before July 22, 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 Peter Allocco 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 email@example.com, or at: http://www.rigrodskylong.com/investigations/capitalsource-inc-cse.
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.
Rigrodsky & Long, P.A.