We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Grandpoint Capital, Inc. (OTC PINK: GPNC) to Pacific Premier Bancorp, Inc. (NASDAQ: PPBI). Under the terms of the transaction, Grandpoint Capital shareholders will receive 0.4750 of a Pacific Premier share for each share of Grandpoint Capital stock they own. Based on the closing price of Pacific Premier stock on February 9, 2018, this represents a value of approximately $18.57 per share.
The investigation concerns whether the Board of Grandpoint Capital breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Pacific Premier Bancorp is underpaying for Grandpoint Capital shares, thus unlawfully harming Grandpoint Capital shareholders.
To receive more information, please fill out the form.