The Law Offices of Vincent Wong Notifies Investors of an Investigation into Guaranty Bancor in Connection with the Sale of the Company to Independent Bank Group, Inc. – GBNK
NEW YORK--(BUSINESS WIRE)--Jun 5, 2018--The Law Offices of Vincent Wong are investigating the Board of Directors of Guaranty Bancor (“Guaranty Bancor” or the “Company”) (NASDAQGS:GBNK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Independent Bank Group, Inc. (NASDAQGS:IBTX). Under the terms of the transaction, Guaranty Bancor shareholders will receive 0.45 shares of Independent Bank Group for each share of Guaranty Bancor stock they own. Based on the closing price of Independent Bank Group on May 21, 2018, this represents a value of approximately $35.37 per Guaranty Bancor share.
The investigation concerns whether the Guaranty Bancor Board of Directors breached their fiduciary duties to Guaranty Bancor stockholders by failing to adequately shop the Company before entering into this transaction and whether Independent Bank Group is underpaying for Guaranty Bancor shares, thus unlawfully harming Guaranty Bancor stockholders.
If you own common stock in Guaranty Bancor and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or http://docs.wongesq.com/GBNK-Info-Request-Form-1927.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180605006766/en/
CONTACT: The Law Offices of Vincent Wong
Vincent Wong, Esq., 212.425.1140
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Law Offices of Vincent Wong
Copyright Business Wire 2018.
PUB: 06/05/2018 05:33 PM/DISC: 06/05/2018 05:33 PM