SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of
Investors of CapitalSource, Inc. - CSE
NEW YORK, July 23, 2013
NEW YORK, July 23, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom &
Gross LLP is investigating claims on behalf of investors of CapitalSource,
Inc. ("CapitalSource" or the "Company") (NYSE: CSE) (ISIN: US14055X1028)
(CUSIP: 14055X102) concerning the proposed acquisition of CapitalSource by
PacWest Bancorp in a transaction valued at $2.3 billion.
The investigation concerns whether the CapitalSource directors are breaching
their fiduciary duties by failing to adequately shop the Company and maximize
shareholder value. Under the terms of the agreement, CapitalSource
shareholders will be entitled to receive $2.47 per share in cash and 0.2837
shares of PacWest common stock for each share of CapitalSource common stock.
However, the price to EBIT and Net Income multiples are below the average of
comparable transactions. In addition, James Pieczynski, Chief Executive
Officer of CapitalSource, and other senior members of CapitalSource management
have secured continued employment with the post-merger company.
CapitalSource shareholders seeking more information about this acquisition are
advised to contact Robert Willoughby at email@example.com or
212-661-1100 or 888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders for the
following companies: Hilltop Community Bancorp, Inc., Dole Food Company,
Inc., and Cooper Tire & Rubber Company.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego,
is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 75 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
212-661-1100 ext. 237
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
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