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Investors who purchased shares of CoBiz Financial Inc. (NASDAQ: COBZ) and currently hold any of those NASDAQ: COBZ shares have certain options and should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
An investigation on behalf of investors, who currently hold shares of CoBiz Financial Inc. (NASDAQ: COBZ), was announced concerning whether the takeover of CoBiz Financial Inc. is unfair to NASDAQ: COBZ stockholders.
The investigation by a law firm concerns whether certain officers and directors of CoBiz Financial Inc. breached their fiduciary duties owed to ASDAQ: COBZ investors in connection with the proposed acquisition.
Denver, CO based CoBiz Financial Inc., a diversified financial services company, provides various financial products and services in the United States. On June 18, 2018, Today BOK Financial Corporation (NASDAQ:BOKF) and CoBiz Financial Inc. (NASDAQ: COBZ) announced the signing of a merger agreement under which CoBiz Financial Inc. will merge with BOK Financial in a transaction valued at approximately $1bn. The merger consideration is valued at $23.02 per share, based on the closing price of BOK Financial on June 15, 2018
However, the investigation concerns whether the offer is unfair to NASDAQ: COBZ stockholders. More specifically, the investigation concerns whether the CoBiz Financial Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of CoBiz Financial Inc. (NASDAQ: COBZ) closed on June 25, 2018, at $21.80 per share.
