Investigation announced for Investors in Umpqua Holdings Corporation (NASDAQ: UMPQ) over Takeover

An investigation was announced concerning whether the takeover of Umpqua Holdings Corporation is unfair to NASDAQ: UMPQ stockholders.

Investors who purchased shares of Umpqua Holdings Corporation (NASDAQ: UMPQ) and currently hold any of those ASDAQ: UMPQ shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Umpqua Holdings Corporation breached their fiduciary duties owed to NASDAQ: UMPQ investors in connection with the proposed acquisition.

Portland, OR based Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services.

On October 12, 2021, Columbia Banking System, Inc. (Nasdaq: COLB), the parent company of Columbia State Bank, and Umpqua Holdings Corporation (Nasdaq: UMPQ), the parent company of Umpqua Bank, announced that they have entered into an agreement under which the companies will join together in an all-stock combination. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, Umpqua shareholders will receive 0.5958 of a share of Columbia stock for each Umpqua share they own. Based on a closing price of $39.57 per NASDAQ: COLB on October 11, 2021, investors in Umpqua Holdings Corporation (NASDAQ: UMPQ) will receive a value of approximately $23.58 per NASDAQ: UMPQ shares.

However, since the announcement of the takeover shares of NASDAQ: COLB declined to $33.27 per share on October 12, 2021.

The investigation concerns whether the offer is unfair to NASDAQ: UMPQ stockholders. More specifically, the investigation concerns whether the Umpqua Holdings 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 Umpqua Holdings Corporation (NASDAQ: UMPQ) closed on October 26, 2021, at $20.67 per share.

Those who are current investors in Umpqua Holdings Corporation (NASDAQ: UMPQ) shares have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.