Heritage Commerce Corp has agreed to merge with CVB Financial Corp, offering Heritage shareholders 0.65 shares of CVB common stock for each Heritage share held, establishing the valuation framework for the combined entity.

Halper Sadeh LLC launched an inquiry into the merger, citing potential breaches of fiduciary duties and suggesting that deal terms may limit competing offers or favor insiders over ordinary shareholders.

Affected shareholders are entitled to free consultations and can pursue claims on a contingent fee basis, meaning no out-of-pocket legal expenses unless additional consideration is secured.

If the investigation prompts litigation, shareholders could obtain increased merger consideration, enhanced disclosures, or other relief prior to the transaction’s completion.