WILMINGTON, Del., June 4, 2014 /PRNewswire/ -- Andrews &
Springer LLC, a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating
potential breach of fiduciary duty claims against the Board of
Directors of LSB Financial Corporation ("LSB Financial" or the
"Company") (NASDAQ: LSBI) relating to the sale of the Company to
Old National Bancorp (NASDAQ: ONB) ("Old National"). On
June 4, 2014, the two banks announced
the signing of a definitive merger agreement pursuant to which Old
National will acquire LSB Financial in a merger for mixed cash and
stock consideration. As a result of the merger, LSB Financial
shareholders are only anticipated to receive 2.269 shares of Old
National and $10.63 per share in cash
in exchange for each share of LSB Financial stock they own.
Andrews & Springer is investigating whether LSB Financial
directors are breaching their fiduciary duties by failing to
adequately shop the company and maximize shareholder value. Andrews
& Springer is also investigating the fairness of the sales
process conducted by LSB Financial's financial advisor Sandler
O'Neill & Partners L.P.
If you own shares of LSB Financial and want to receive
additional information and protect your investments free of charge,
please visit us at
http://www.andrewsspringer.com/cases-investigations/lsbfinancial or
contact Craig J. Springer, Esq.
at cspringer@andrewsspringer.com, or call toll free at
1-800-423-6013. You may also follow us on LinkedIn –
www.linkedin.com/company/andrews-&-springer-llc, Twitter –
www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. These traits are the
hallmarks of our innovative approach to each case our Firm
decides to prosecute. For more information please visit our website
at www.andrewsspringer.com. This notice may constitute Attorney
Advertising.
SOURCE Andrews & Springer LLC