MILWAUKEE, Nov. 8, 2021 /PRNewswire/ — Ademi LLP is investigating Allegiance (NASDAQ: ABTX), for possible breaches of fiduciary duty and other violations of law in its transaction with CBTX.
Click here to learn how to join the action: https://www.ademilaw.com/case/allegiance-bancshares-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Allegiance’s financial outlook and prospects are excellent and yet Allegiance shareholders will receive only 1.4184 shares of CBTX common stock for each share of Allegiance common stock they own. The merger agreement unreasonably limits competing bids for Allegiance by prohibiting solicitation of further bids, and imposing a significant penalty if Allegiance accepts a superior bid. Allegiance insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Allegiance’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Allegiance.
If you own Allegiance common stock and wish to obtain additional information, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, or https://www.ademilaw.com/case/allegiance-bancshares-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE Ademi LLP