Press release
Investigation announced for Investors in Umpqua Holdings Corporation (NASDAQ: UMPQ) over Takeover
An investigation on behalf of investors of Umpqua Holdings Corporation (NASDAQ: UMPQ) in connection with the proposed takeover.
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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Investigation announced for Investors in Umpqua Holdings Corporation (NASDAQ: UMPQ) over Takeover here
News-ID: 2444966 • Views: …
More Releases from Shareholders Foundation
ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made.
If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have…
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779…
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp.
Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) 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 for current long term investors in…
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
More Releases for Umpqua
Emerging Fly Fishing Apparel And Accessories Market Trends: Emerging Trends In F …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fly Fishing Apparel And Accessories Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size for fly fishing apparel and accessories has shown consistent growth. It is projected to expand from $3.34 billion in 2024 to $3.48 billion in 2025, representing a compound annual…
Sour Milk Drinks Market May See Big Move | Nestle SA, Almarai, Green Valley Farm …
Data Insights Market published a new research publication on "Sour Milk Drinks Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Sour Milk Drinks market was mainly driven by the increasing R&D spending across the world.
Some of the key players…
Fly Fishing Apparel And Accessories Market Size, CAGR Analysis, Growth Factors A …
The new report published by The Business Research Company, titled Fly Fishing Apparel And Accessories Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the fly fishing apparel and accessories market size has grown steadily in recent years. It…
Fly Fishing Apparel And Accessories Global Market Report 2024 - By Trends, Size, …
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033
The Business Research Company offers in-depth market insights through Fly Fishing Apparel And Accessories Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The fly fishing apparel and accessories market size has…
Zero Lactose Whole Milk Market Thorough Examination Covers Future Scope, Regulat …
A new research document is added in HTF MI database of 166 pages, titled as 'Zero Lactose Whole Milk - Global and China Top Players Market Share and Ranking 2023' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe or Asia and important players/vendors such as Nepean River Dairy, H E B, Clover Sonoma, Arla Foods amba, Dairy Farmers…
FinTrack Market Is Booming Worldwide| Paytm, SkyWatch, Barclays, DBS Bank
HTF Market Intelligence released a new research report of 19 pages on title 'FinTrack Market 2018’ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe or Asia and important players such as Stripe, AgeWage, Barclays, Umpqua Bank, DBS Bank, Aberdeen Standard Investments, Paytm, SkyWatch, Homelyfe
Request a sample report @ https://www.htfmarketreport.com/sample-report/1399361-fintrack-september-2018
Summary
Every month, FinTrack will showcase the latest innovations from financial providers around the…
