EQUITY ALERT: The Rosen Law Firm Announces Investigation of LSB Financial Corp. (LSBI) Concerning the Proposed Acquisition by...
09 Junho 2014 - 7:24PM
Business Wire
The Rosen Law Firm, P.A. is investigating the Board of Directors
of LSB Financial Corp. (NASDAQ GM: LSBI) for possible breaches of
fiduciary duties and other violations of law by failing to
adequately shop LSB Financial to maximize shareholder value before
entering into an agreement with Old National Bancorp. (NASDAQ GS:
ONB).
If you would like to join the action, please call Phillip Kim,
Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; or email at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive 2.269 Old National common shares and $10.63 in cash for
each share of LSB Financial stock they own. The proposed
transaction is valued at approximately $66.7 million. The
investigation relates to whether the proposal is fair to public
shareholders and whether LSB Financial’ s Board of Directors
breached its fiduciary duties in connection with the proposed
transaction.
If you own and purchased LSB Financial common stock before June
4, 2014 and wish to obtain additional information, please visit the
website at http://rosenlegal.com/buyoutcases.html. You may also
contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm P.A.Phillip Kim, Esq.Laurence Rosen,
Esq.Kevin Chan, Esq.275 Madison Avenue 34th FloorNew York, New York
10016Tel: 212-686-1060Toll Free: 1-866-767-3653Fax:
212-202-3827pkim@rosenlegal.comlrosen@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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