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SOURCE Harwood Feffer LLP
NEW YORK, Sept. 19, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of MetroCorp Bancshares, Inc. ("MCBI" or the "Company") (NASDAQ: MCBI) concerning the proposed acquisition of the Company by East West Bancorp, Inc. ("EWBC").
On September 18, 2013, MCBI announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by EWBC. Under the terms of the agreement, MCBI shareholders will receive the lesser of $14.60 per share or 1.72 per-share tangible equity.
Our investigation concerns whether the MCBI board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own MCBI shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.