PR Newswire
NEW YORK, April 10, 2017
NEW YORK, April 10, 2017 /PRNewswire/ -- Wolf Popper LLP is
investigating claims on behalf of investors in CU Bancorp (Nasdaq: CUNB), concerning the proposed acquisition of CU Bancorp by
PacWest Bancorp. According to Carl Stine, who is a partner at Wolf Popper LLP, "Based on
where CU Bancorp's stock price was trading at immediately prior to the announcement of the deal, it is clear that PacWest is
low-balling CU Bancorp shareholders."
Under the terms of the proposed acquisition, CU Bancorp shareholders will receive 0.5308 shares of PacWest common stock and
$12.00 in cash for each share of CU Bancorp. The proposed offer has a preliminary equity
value of $705 million, or $39.45 per share. However, the
proposed offer price is below CU Bancorp's closing price on April 5, 2017, and below the median
analyst price target of $41.17 per share.
Wolf Popper is investigating claims on behalf of investors in CU Bancorp concerning the
transaction. CU Bancorp's shareholders seeking more information about the transaction or Wolf
Popper's investigation can contact Mr. Stine at (212) 759-4600 or cstine@wolfpopper.com.
Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits
and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named
Rising Stars or Super Lawyers in the 2016 Super Lawyers New York City Metro Edition, including Wolf
Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the
New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wolf-popper-llp-investigates-the-proposed-acquisition-of-cu-bancorp-by-pacwest-bancorp-300437409.html
SOURCE Wolf Popper LLP