LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP is investigating potential claims against the Board of Directors of Bridge Capital Holdings (“Bridge Capital” or the “Company”) (NASDAQ:BBNK) related to the proposed acquisition of the Company by Western Alliance Bancorporation. The transaction is valued at approximately $425 million. The Company’s shareholders will receive 0.8145 of a share of Western Alliance Bancorp and $2.39 in cash per share of Bridge Capital common stock they own.
This investigation concerns whether the Board of Directors of Bridge Capital breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. Further, at least one analyst has projected that the Company’s stock is worth at least $28.50 per share.
If you are a shareholder of Bridge Capital, if you have information or would like to learn more about our investigation, or if you wish to discuss your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.