WAYNE, Pa., July 24, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/cse) is investigating potential claims against the board of directors of CapitalSource Inc. ("CapitalSource" or the "Company") (NYSE: CSE) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to PacWest Bancorp in a transaction valued at $2.3 billion.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of CapitalSource for not acting in the Company's shareholders' best interests in connection with the sale process. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/cse.
Under the terms of the agreement, CapitalSource shareholders will be entitled to receive $2.47 per share in cash and 0.2837 shares of PacWest common stock for each share of CapitalSource common stock. However, the price to EBIT and Net Income multiples are below the average of comparable transactions. In addition, James Pieczynski, Chief Executive Officer of CapitalSource, and other senior members of CapitalSource management have secured continued employment with the post-merger company.
If you own shares of CapitalSource and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/cse. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
SOURCE Ryan & Maniskas, LLP