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Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of North Valley Bancorp Stockholders
NEW YORK--(BUSINESS WIRE)-- Kirby McInerney LLP is investigating potential claims against the Board of Directors of North Valley Bancorp ("North" or the "Company") (NASDAQ:NOVB) concerning the proposed acquisition of the Company by TriCo Bancshares ("TriCo") (NASDAQ:TCBK). Under the terms of the merger agreement, North stockholders will receive a fixed exchange ratio of 0.9433 shares of TriCo common stock for each share of North owned, valuing the transaction at approximately $178.4 million.
The investigation concerns whether the North Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values North's common stock.
If you are a North stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
Source: Kirby McInerney LLP