NEW YORK, June 29, 2016 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the
board of directors of PrivateBancorp, Inc. ("PrivateBancorp" or the "Company") (NASDAQ: PVTB) concerning the proposed acquisition
of the Company by a subsidiary of Canadian Imperial Bank of Commerce ("CIBC").
Under the terms of the offer, CIBC would acquire PrivateBancorp in a transaction valued at approximately $3.8 billion. Pursuant to the deal, PrivateBancorp stockholders will be offered $18 in cash and 0.3657 shares of CIBC per share of PrivateBancorp owned.
Our investigation concerns whether the PrivateBancorp board of directors is fulfilling its fiduciary duties, maximizing the
value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company
stockholders.
If you own PrivateBancorp shares and wish to discuss this matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to
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SOURCE Harwood Feffer LLP