LSB FINANCIAL CORP. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
June 10 2014 - 5:41PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of LSB Financial
Corp. (NASDAQ GM: LSBI)?
- Did you purchase any of your shares
prior to June 4, 2014?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of LSB
Financial Corp. (“LSB Financial” or the “Company”) (NASDAQ GM:
LSBI) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Old National Bancorp (“Old National”) (NASDAQ GS:
ONB), in a transaction valued at approximately $66.7 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/lsb-financial-corp-lsbi.
Under the terms of the agreement, public shareholders of LSB
Financial would receive 2.269 shares of Old National common stock
and $10.63 in cash for each share of LSB Financial they own. Based
on Old National’s closing stock price on June 3, 2014, LSB
Financial shareholders would have received consideration valued at
approximately $41.67 per share.
The investigation concerns whether LSB Financial’s board of
directors failed to adequately shop the Company and obtain the best
possible value for LSB Financial’s shareholders before entering
into an agreement with Old National.
If you own the common stock of LSB Financial and purchased your
shares before June 4, 2014, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/lsb-financial-corp-lsbi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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