SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of CBTX, Inc. (Nasdaq – CBTX)
BALA CYNWYD – November 8, 2021 /Access Wire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of CBTX, Inc. (“CBTX” or the “Company”) (Nasdaq – CBTX) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the definitive agreement pursuant to which CBTX will combine with Allegiance Bancshares, Inc. (“Allegiance”) (Nasdaq – ABTX) in an all-stock merger. Under the terms of the merger agreement, Allegiance shareholders will receive 1.4184 shares of CBTX common stock for each share of Allegiance common stock they own. Based on the number of outstanding shares of Allegiance and CBTX as of November 5, 2021, Allegiance shareholders will own approximately 54% and CBTX shareholders will own approximately 46% of the combined company.
The investigation concerns whether the CBTX Board breached its fiduciary duties to shareholders, including the dilution to CBTX shareholders in the combined company.
If you own shares of CBTX stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, , or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.