The Law Firm of Levi & Korsinsky, LLP Investigates Tower Bancorp, Inc.
21 Junio 2011 - 10:59AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Tower Bancorp, Inc. (“Tower”) (NASDAQ: TOBC) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to Susquehanna Bancshares, Inc.
(NASDAQ: SUSQ). Under the terms of the transaction, Tower
shareholders may elect to receive either 3.4696 shares of
Susquehanna common stock or $28.00 in cash for each share of Tower
stock they own. The transaction has a total value of approximately
$343 million.
Click here to learn how to join the action:
http://www.zlk.com/tower-bancorp-tobc.html, or call:
877-363-5972.
The investigation concerns whether the Tower Board of Directors
breached their fiduciary duties to Tower stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Susquehanna Bancshares, Inc. is underpaying for Tower
shares, thus unlawfully harming Tower stockholders.
If you own common stock in Tower and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://www.zlk.com/tower-bancorp-tobc.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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