WILMINGTON, Del., July 8, 2014 /PRNewswire/ -- 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.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.