Robbins Arroyo LLP: Acquisition of CU Bancorp (CUNB) by PacWest Bancorp (PACW) May Not Be in Shareholders' Best Interests

SAN DIEGO & LOS ANGELES--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of CU Bancorp (NasdaqCM: CUNB) by PacWest Bancorp (NasdaqGS: PACW). On April 6, 2017, the two companies announced the signing of a definitive merger agreement pursuant to which PacWest will merge with CU Bancorp. Under the terms of the agreement, CU Bancorp shareholders will receive $12.00 in cash and 0.5308 shares of PacWest common stock for each share of CU Bancorp common stock, the value of which is equivalent to $39.45 based on PacWest's closing price on April 5, 2017.