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WeissLaw LLP Investigates Green Bancorp Inc. Acquisition

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WeissLaw LLP Investigates Green Bancorp Inc. Acquisition

PR Newswire

NEW YORK, July 26, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Green Bancorp Inc. ("GNBC" or the "Company") (NASDAQ:GNBC) in connection with the proposed acquisition of the Company by Veritex Holdings, Inc. ("VBTX") ((", NASDAQ:VBTX).  Under the terms of the merger agreement, GNBC shareholders will receive 0.79 of a share of VBTX for each GNBC share they own.  This represents consideration of $24.44 per share, based on VBTX's July 25 trading price of price of $30.94

WeissLaw is investigating whether GNBC's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, at least one analyst set a target price of $29.00 per share, or nearly $5.00 above the consideration.  In addition, the deal is a strategic transaction which will expand VTBX's geographic footprint, placing nearly of its franchise branches in the growing Dallas-Fort Worth and Houston Metropolitan Statistical Areas.  Moreover, with anticipated earnings per-share accretion of approximately 25% and substantial improvements to key operating metrics, the acquisition of GNBC will propel VTBX into a leadership position in the community banking sector.

Given these facts, WeissLaw is investigating whether GNBC's shareholders will obtain their fair and proportionate share of the Company's continued success and growth prospects.  If you own GNBC shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/green-bancorp-inc/

 

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SOURCE WeissLaw LLP

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