NEW ORLEANS, July 1, 2016 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of PrivateBancorp, Inc. ("PVTB" or the "Company") (NASDAQ: PVTB) to CIBC (NYSE: CM). Under the terms of the proposed transaction, shareholders of PVTB will receive only $18.80 in cash plus 0.3657 of a CIBC common share for each share of PVTB that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (email@example.com) toll free at any time at 855-768-1857.