Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Virginia
Commerce Bancorp, Inc. (VCBI)
NEW YORK -- February 1, 2013
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Virginia Commerce
Bancorp, Inc. (“Virginia Bancorp” or the “Company”) (NasdaqGS: VCBI) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to United Bankshares, Inc. (“United”)
(NASDAQ: UBSI) in a stock-for-stock deal valued at approximately $490.6
million. Under the terms of the proposed transaction, Virginia Bancorp’s
stockholders will receive 0.5442 of a United share per each share of Virginia
Bancorp’s common stock they own. The consideration to be received by Virginia
Bancorp’s shareholders is valued at $14 based on United’s closing price the
day before the announcement, January29, 2013.
Request more information now by clicking here: www.faruqilaw.com/VCBI. There
is no cost or obligation to you.
The investigation focuses on whether Virginia Bancorp’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to this proposed
transaction, whether and by how much this proposed transaction undervalues the
Company to the detriment of Virginia Bancorp’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients.
If you own common stock in Virginia Bancorp and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/VCBI or contact Juan E. Monteverde, Esq. either via e-mail
at email@example.com or by telephone at (877) 247-4292 or (212)
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible
for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior
results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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