NEW YORK, NY / ACCESSWIRE / November 30, 2021 / Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Allegiance Bancshares, Inc. (NASDAQ:ABTX) to CBTX, Inc. is fair to Allegiance shareholders. Under the terms of the merger agreement, Allegiance shareholders will receive 1.4184 shares of CBTX common stock for each share of Allegiance common stock they own. Upon closing of the merger, Allegiance shareholders will own approximately 54% of the combined company.
Halper Sadeh encourages Allegiance shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether Allegiance and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Allegiance shareholders; (2) determine whether CBTX is underpaying for Allegiance; and (3) disclose all material information necessary for Allegiance shareholders to adequately assess and value the merger consideration. On behalf of Allegiance shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh encourages Allegiance shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com
SOURCE: Halper Sadeh LLP