|[August 14, 2014]
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Intervest Bancshares Corp. and Its Board of Directors In Connection With the Sale of the Company to Bank of the Ozarks, Inc. -- IBCA
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Intervest
Bancshares Corporation ("Intervest" or "the Company") (NasdaqGS:IBCA)
for possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Bank of the Ozarks,
Click here to learn more about the investigation: http://zlk.9nl.com/intervest-bancshares-ibca,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the agreement, Intervest shareholders will reeive
common shares of Bank of the Ozarks stock; the number of shares issued
will be determined by the ten day average closing stock price as of the
fifth business day prior to the closing date, with a minimum and maximum
price of $23.95 and $39.91. The investigation concerns whether the Board
of Intervest breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into this
transaction, and whether Bank of the Ozarks, Inc. is underpaying for
If you own Intervest common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/intervest-bancshares-ibca.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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