Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Intermountain Community Bancorp Stockholders

Business Wire

NEW YORK--(BUSINESS WIRE)--

Kirby McInerney LLP is investigating potential claims against Intermountain Community Bancorp (“Intermountain” or the “Company”) (IMCB) concerning the proposed acquisition of the Company by Columbia Banking System, Inc. (“Columbia”) (COLB). Under the terms of the definitive merger agreement, Intermountain stockholders will receive $2.2930 in cash and 0.6426 shares of Columbia common stock for each share of Intermountain common stock they own, valuing the deal at approximately $18.22 per share. The total transaction value is approximately $121.5 million.

The investigation concerns whether the Intermountain Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.

If you are an Intermountain stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or telephone at (212) 699-1145, or Melissa Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.

Contact:
Kirby McInerney LLP
J. Brandon Walker, Esq., 212-699-1145
bwalker@kmllp.com
or
Melissa Fortunato, Esq., 212-699-1141
mfortunato@kmllp.com
or
Toll Free: 888-529-4787
View Comments (0)