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 Intervest Bancshares Corporation (“Intervest” or the
“Company”) (NASDAQ: IBCA) relating to the proposed buyout of the Company
by Bank of the Ozarks, Inc. (“Ozarks”).
On July 31, 2014, Intervest and Ozarks jointly announced the signing of
a definitive agreement and plan of merger whereby Ozarks will acquire
all of the outstanding common stock of Intervest in a transaction valued
at approximately $228.5 million.
for - SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Intervest Bancshares Corporation In Connection With The Proposed Sale Of The Company To Bank of the Ozarks, Inc. investment picks