Shareholder Alert: Ademi LLP investigates whether Community West Bancshares has obtained a Fair Price in its transaction with Central Valley Community Bancorp

MILWAUKEE, Oct. 12, 2023 /PRNewswire/ -- Ademi LLP is investigating Community West (NASDAQ: CWBC) for possible breaches of fiduciary duty and other violations of law in its transaction with Central Valley.

Click here to learn how to join the action https://www.ademilaw.com/case/community-west-bancshares or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, Community West stockholders are expected to receive only 0.79 shares of Central Valley common stock for each share of Community West common stock. The exchange ratio is fixed, and the value of the merger consideration will fluctuate based on Central Valley's stock price. Central Valley Based on the closing price of Central Valley stock on October 10, 2023, the transaction is valued at $99.4 million, or $11.15 per Community West common share. The transaction agreement unreasonably limits competing transactions for Community West by imposing a significant penalty if Community West accepts a competing bid. Community West insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Community West's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Community West common stock and wish to obtain additional information, please contact Guri Ademi either at [e-mail] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/community-west-bancshares.                       

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.

Contacts

Ademi LLP                                                                    
Guri Ademi
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SOURCE Ademi LLP