Briscoe Law Firm And Powers Taylor, LLP Investigate On Virginia Commerce Bancorp Inc

Willie Briscoe and Powers Taylor, LLP announced that they are investigating the sale of Virginia Commerce Bancorp Inc to United Bankshares, Inc. for shareholders. Under the terms of the proposed all-stock deal valued at approximately $490.6 million, Virginia Commerce shareholders will be entitled to receive only 0.5442 shares of United`s shares for each share of Virginia Commerce owned, which is approximately $14 per share.The Virginia Commerce sale investigation centers on whether Virginia Commerce`s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Virginia Commerce`s stock, and whether Virginia Commerce`s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal.