Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Wilshire Bancorp Inc (NASDAQ: WIBC) acted responsibly on behalf of investors’ profitability in the planned $1.0 billion sale to BBCN Bancorp Inc (NASDAQ: BBCN).

On December 7, 2015, Wilshire Bancorp Inc (NASDAQ: WIBC) and BBCN Bancorp Inc (NASDAQ: BBCN) announced that they had entered into a merger agreement. Under the terms of the agreement, shareholders of Wilshire Bancorp Inc will receive 0.7034 of a share BBCN Bancorp Inc for each Wilshire Bancorp Inc share they own; representing a consideration of $13.00 per Wilshire Bancorp Inc share, based on the December 4, 2015 closing price of BBCN Bancorp Inc.

Based in Los Angeles, California, and founded in 1980 Wilshire Bancorp Inc operates as the holding company for Wilshire Bank that offers financial products and services.

The investigation is looking to uncover whether Wilshire Bancorp Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $ 15.50 per share.

If you purchased Wilshire Bancorp Inc (NASDAQ: WIBC) prior to December 7, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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