|[January 22, 2014]
NORTH VALLEY INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of North Valley Bancorp (NOVB) Over the Merger of the Company with TriCo Bancshares (TCBK)
NEW YORK --(Business Wire)--
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of North
Valley Bancorp ("North Valley" or the "Company") (NASDAQ: NOVB) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to TriCo Bancshares in a stock deal
valued at approximately $178.4 million. Under the terms of the proposed
transaction, North Valley's stockholders will receive a fixed exchange
ratio of 0.9433 shares of TriCo common stock for each share of North
Valley common stock they own. The value of the merger consideration will
change based on fluctuations in TriCo's stock price.
Request more information now by clicking here: www.faruqilaw.com/NOVB.
There is no cost or obligation to you.
The investigation focuses on whether North Valley's Board of Directors
breached their fiduciary duties to the Company's stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of North Valley's shareholders.
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients. To
keep track of the latest securities litigation news, follow us on
Twitter (News - Alert) at www.twitter.com/MergerActivity
or on Facebook (News - Alert) at www.facebook.com/FaruqiLaw.
If you own common stock in North Valley Bancorp and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/NOVB
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.
Free: (877) 247-4292
Phone (News - Alert): (212) 983-9330
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
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