SAN DIEGO, CA / ACCESSWIRE / June 17, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who formerly held Guaranty Bancorp (GBNK) shares.
Investors, who held shares of Guaranty Bancorp (GBNK) and received Independent Bank Group, Inc. (IBTX) shares as a result of the takeover, might have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
On May 22, 2018, Independent Bank Group, Inc., the holding company for Independent Bank, and Guaranty Bancorp (GBNK), the holding company for Guaranty Bank and Trust Company, jointly announced the signing of a merger agreement pursuant to which Guaranty Bancorp will merge with and into Independent Bank Group in an all-stock transaction. Under the terms of the merger agreement, shareholders of Guaranty Bancorp received 0.45 shares of IBTX common stock for each share of GBNK common stock. The aggregate consideration is valued at approximately $1.0 billion, or approximately $35.37 per GBNK share, based on the closing price of IBTX common stock of $78.60 on May 21, 2018.
In August 2018, a lawsuit was filed in connection with the takeover of Guaranty Bancorp by Independent Bank Group, Inc. The plaintiff alleged that the proxy statement/prospectus filed with the United States Securities and Exchange Commission ("SEC") in connection with the Proposed Transaction omitted material information with respect to the Proposed Transaction, which renders the Prospectus false and misleading. In later October 2018, the case was voluntarily dismissed.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: The Shareholders Foundation, Inc.
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