NEW YORK -- (Business Wire)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Virginia
Commerce Bancorp, Inc. (“Virginia Bancorp” or the “Company”) (NasdaqGS:
VCBI) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to United Bankshares,
Inc. (“United”) (NASDAQ: UBSI) in a stock-for-stock deal valued at
approximately $490.6 million. Under the terms of the proposed
transaction, Virginia Bancorp’s stockholders will receive 0.5442 of a
United share per each share of Virginia Bancorp’s common stock they own.
The consideration to be received by Virginia Bancorp’s shareholders is
valued at $14 based on United’s closing price the day before the
announcement, January 29, 2013.
Request more information now by clicking here: www.faruqilaw.com/VCBI.There is no cost or obligation to you.
The investigation focuses on whether Virginia Bancorp’s Board of
Directors breached their fiduciary duties to the Company’s stockholders
by failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Virginia Bancorp’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Virginia Bancorp and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/VCBI
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
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responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.
Free: (877) 247-4292
Phone: (212) 983-9330
Source: Faruqi & Faruqi, LLP
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