|[August 09, 2014]
SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Siuslaw Financial Group, Inc. in Connection with the Proposed Sale of the Company to Banner Corporation
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Siuslaw Financial Group, Inc. ("Siuslaw" or the "Company")
(Other OTC:SFGP) relating to the proposed buyout of the Company by
Banner Corporation ("Banner").
Under the terms of the transaction, Siuslaw shareholders will receive
$1.41622 in cash plus 0.32231 of a share of Banner common stock for each
Siuslaw share they own; this represents a value of approximately $14.03
per share, based on Banner's closing price on August 7, 2014. The firm's
investigation seeks to determine, among other things, whether the
Company's Board of Directors breached their fiduciary duties by failing
to maximize shareholder value before agreeing to enter into the
transaction, and whether Banner is underpaying for Siuslaw shares.
If you currently own common stock of Siuslaw and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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