AMERICAN RIVER ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of AMRB and Encourages Investors to Contact the Firm
April 19, 2021 at 14:36 PM EDT
NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of American River Bankshares (NASDAQ: AMRB) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Bank of Marin Bancorp (NASDAQ: BMRC).
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On April 19, 2021, American River announced that it had signed an agreement to be acquired by Bank of Marin for approximately $134 million. Pursuant to the merger agreement, American River stockholders will receive 0.575 shares of Bank of Marin common stock for each share of American River common stock owned. The deal is scheduled to close in the third quarter of 2021.
Bragar Eagel & Squire is concerned that American River’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for American River’s stockholders.
If you own shares of American River and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at email@example.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
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