PHOENIXVILLE, Pa.--(BUSINESS WIRE)--The Young Law Firm (the “Firm”), a national shareholder litigation firm, is investigating potential claims concerning the proposed merger of Intermountain Community Bancorp (“Intermountain” or the “Company”) (NASDAQ: IMCB) to Columbia Banking System, Inc (“Columbia”). On July 23, 2014 the Company announced it had entered into a merger agreement with Columbia to merge Intermountain into Columbia in a stock and cash transaction valued at approximately $121.5 million or approximately $18.22 per share based on Columbia’s July 23, 2014 stock price. The Firm’s investigation concerns whether the proposed price represents fair value for the Company and whether the interests of the Company’s public shareholders have been adequately protected.
If you own shares of the Company and would like to learn more about the proposed merger of Intermountain, or you have information about the transaction, please contact the Firm’s founder, Henry Young, at:
Henry Young Esq.
The Young Law Firm
Henry Young Esq. has over 11 years of experience litigating complex shareholder class action lawsuits, including cases resulting in the recovery of millions of dollars for shareholders. The Firm routinely works with and refers cases to other leading law firms around the country to enforce shareholder rights. For more information about the Firm and shareholder cases in general, please visit the Firm’s website: www.theyounglf.com.
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