TECHE HOLDING COMPANY SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
15 Janvier 2014 - 12:10AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Teche Holding
Company (NYSE MKT: TSH)?
- Did you purchase any of your shares
prior to January 13, 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 Teche
Holding Company (“Teche” or the “Company”) (NYSE MKT: TSH)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by IBERIABANK Corporation (“IBKC”) (NASDAQ GS: IBKC)
in a transaction valued at approximately $161 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/teche-holding-company-tsh.
Under the terms of the agreement, public shareholders of Teche
will receive 1.162 shares of IBKC common stock for each share of
Teche they own. Based on IBKC’s closing stock price on January 10,
2014, Teche shareholders would have received consideration valued
at approximately $72.16 per share.
The investigation concerns whether Teche’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Teche’s shareholders before entering into an agreement
with IBKC.
If you own the common stock of Teche and purchased your shares
before January 13, 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 Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 825
East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/teche-holding-company-tsh.
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.
Serra888-969-4242302-295-5310516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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