(MENAFNEditorial) iCrowdNewswire - Mar 23, 2018
NEW YORK -The Law Offices of Vincent Wong are investigating the Board of Directors of United Community Bancorp (NASDAQGM:UCBA) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Civista Bancshares, Inc. (NASDAQCM:CIVB). Under the terms of the transaction, United Community shareholders will receive the equivalent of 1.027 shares of Civista common stock and $2.54 in cash per share.
The investigation concerns whether the United Community Board of Directors breached their fiduciary duties to United Community stockholders by failing to adequately shop the Company before entering into this transaction and whether Civista Bancshares is underpaying for United Community shares, thus unlawfully harming United Community stockholders.
If you own common stock in United Community and wish to obtain additional information, please contact Vincent Wong, Esq. either via email Contact Information:
The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-425-1140
Fax. 866-699-3880
[email protected]
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