PrivateBancorp, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger
with Canadian Imperial Bank of Commerce
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of PrivateBancorp, Inc.
(“PrivateBancorp”) (NASDAQ: PVTB) concerning the merger with Canadian Imperial Bank of Commerce (“CIBC”) (NYSE: CM). Under the
terms of the agreement, valued at approximately $3.8 billion, PrivateBancorp shareholders will only receive $18.80 in cash and
0.3657 of CIBC common share per share held. Based on the closing price of CIBC before the deal was announced, the consideration is
valued at approximately $47.00 per share.
If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm,
PLLC via email at shareholders@thebriscoelawfirm.com,
Patrick Powers at Powers Taylor LLP via e-mail at shareholder@powerstaylor.com or by calling toll free at (877) 728-9607. There is no cost or fee to you.
The investigation centers on whether PrivateBancorp’s Board of Directors is acting in the shareholders’ best interests, whether
the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process
to review and act on the proposed transaction.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more
than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation
matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security
class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 877-728-9607
shareholders@thebriscoelawfirm.com
or
Powers Taylor LLP
Patrick Powers, 877-728-9607
shareholder@powerstaylor.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160712006402/en/