WASHINGTON--(EON: Enhanced Online News)--The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Sterling Financial Corporation (NASDAQ: STSA) (“Sterling” or “the Company”), concerning the Company’s proposed acquisition by Umpqua Holdings Corporation (NASDAQ: UMPQ) (“Umpqua”). Under the terms of the merger agreement, Sterling shareholders will receive $2.18 in cash for each share of Sterling common stock they own, plus 1.671 shares of Umpqua, for a total consideration of $30.52 based on Umpqua’s closing price of $16.96 on September 11, 2013. The total transaction is valued at approximately $2 billion.
The investigation is focused on the potential unfairness of the consideration to shareholders, the process by which Sterling’s Board of Directors considered the transaction, and potential conflicts of interest among the Company’s Board members.
If you are interested in discussing your rights as a Sterling shareholder, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC offices at (877) 337-1050 or by email at firstname.lastname@example.org.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our website at www.finkelsteinthompson.com. Attorney advising. Prior results do not guarantee similar outcomes.