WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
- Do you own shares of Community Bank (OTC PINK: CYHT)?
- Did you purchase any of your shares prior to February 26, 2018?
- Do you think the proposed buyout is fair?
- 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 Community Bank (“Community Bank” or the “Company”) (OTC PINK: CYHT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by CVB Financial Corp. (“CVBF”) (NASDAQ GS: CVBF). Under the terms of the agreement, each share of Community Bank common stock will receive a fixed consideration consisting of 9.4595 shares of CVBF common stock and $56.00 per share in cash. Giving effect to the merger, Community Bank shareholders would hold, in aggregate, approximately 21.4% of CVBF’s outstanding common stock following the merger.
If you own common stock of Community Bank and purchased any shares before February 26, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at email@example.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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Source: Rigrodsky & Long, P.A.