An investigation on behalf of investors of Northwest Bancorporation, Inc. (OTC: NBCT) in connection with the proposed takeover was announced and OTC: NBCT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/30/2018 -- The acquisition of Northwest Bancorporation, Inc. is under investigation over potential wrongdoing.
Investors who purchased shares of Northwest Bancorporation, Inc. (OTC: NBCT) and currently hold any of those OTC: NBCT 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 Northwest Bancorporation, Inc. breached their fiduciary duties owed to OTC: NBCT investors in connection with the proposed acquisition.
Spokane, WA based Northwest Bancorporation, Inc. operates as the holding company for Inland Northwest Bank that provides various banking products and services for individuals, and small and medium-sized businesses. On April 25, 2018, First Interstate BancSystem, Inc. (NASDAQ: FIBK) and Northwest Bancorporation, Inc. (OTC Pink: NBCT) announced that they have entered into a agreement under which First Interstate, parent company of First Interstate Bank, will acquire Northwest, parent company of Inland Northwest Bank ("INB"), in an all-stock transaction valued at approximately $160.9 million in aggregate, or $21.03 per share. Under the terms of the transaction, Northwest Bancorporation shareholders will receive 0.516 shares of First Interstate Class A common stock for each share of Northwest Bancorporation stock they own, representing a value of approximately $21.03 per share.
However, the investigation concerns whether the offer is unfair to OTC: NBCT stockholders. More specifically, the investigation concerns whether the Northwest Bancorporation 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.
Those who are current investors in Northwest Bancorporation, Inc. (OTC: NBCT) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com