NEW YORK, June 18, 2018 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of CoBiz Financial Inc. (“COBZ” or the “Company”) (NASDAQ: COBZ) in connection with the proposed acquisition of the Company by BOK Financial Corporation (“BOKF”) (NASDAQ: BOKF). Under the terms of the acquisition agreement, COBZ shareholders will receive $5.70 in cash and 0.17 shares of BOKF for each COBZ share they own, representing consideration of $21.96 based BOKF’s June 18 trading price of $95.70.
WeissLaw is investigating whether COBZ’s Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $24.00, or $2.04 above the per-share consideration.
Given these facts, WeissLaw is investigating whether COBZ’s Board acted in the best interests of COBZ’s public shareholders to maximize shareholder value prior to entering into the agreement. If you own COBZ shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at email@example.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org or fill out the form on our website, http://www.weisslawllp.com/cobiz-financial-inc/
SOURCE WeissLaw LLP