EQUITY ALERT: The Rosen Law Firm Announces Investigation of Bank of the Carolinas Corporation Concerning its Proposed Sale to Bank of the Ozarks, Inc.

NEW YORK--(BUSINESS WIRE)--

The Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of Bank of the Carolinas Corporation BCAR for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Bank of the Carolinas to maximize shareholder value before agreeing to be acquired by Bank of the Ozarks, Inc. OZRK.

If you would like to join the action, go to the firm's website at http://rosenlegal.com/cases-606.html or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.

Under the terms of the proposed transaction, shareholders will receive shares of Bank of the Ozarks based on the purchase price of $64.7 million for each share of Bank of the Carolinas common stock they own. The number of Bank of the Ozarks to be issued will be based on its ten day average closing stock price of the second business day prior to the closing date, which is subject to a minimum and maximum price of $29.28 and $48.80. The investigation relates to whether the proposal is fair to the public shareholders of Bank of the Carolinas and whether Bank of the Carolinas' Board breached its fiduciary duties in connection with the proposed sale.

If you currently own shares of Bank of the Carolinas and wish to obtain additional information, please visit the firm's website at http://rosenlegal.com/cases-606.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.