We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Altabancorp (“ALTA” or the “Company”) (NASDAQ: ALTA) in connection with the Company’s proposed merger with Glacier Bancorp, Inc. (“Glacier”) (NASDAQ: GBCI).  Under the terms of the merger agreement, ALTA shareholders will receive 0.7971 shares of Glacier stock for each ALTA share they own, representing implied per-share merger consideration of approximately $47.71 based upon Glacier’s May 18, 2021 closing price of $59.85.

WeissLaw LLP is investigating whether ALTA’s board acted in the best interest of ALTA’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Glacier, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to ALTA’s public shareholders.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

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