LSBI (MM)

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of LSB Financial Corporation (“LSB Financial”) (NASDAQ GS: LSBI) concerning the sale of LSB Financial to Old National Bancorp (“ONB”). Under the terms of the cash and share merger transaction, which is valued at approximately $66.7 million, LSB Financial shareholders will receive $10.63 in cash and 2.269 shares of Old National for each share of LSBI common stock owned. Based on Old National’s share price the day prior to the announcement, the value to LSBI shareholders is only approximately $41.67 per share.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to the determination of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at shareholder@powerstaylor.com. There is no cost or fee to you.

The investigation centers on whether LSB Financial’s Board of Directors is acting in the shareholders’ best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLCWillie Briscoe, 214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com

(MM) (NASDAQ:LSBI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024

(MM) (NASDAQ:LSBI)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024