The Law Offices of Vincent Wong Announce an Investigation of Tower Bancorp, Inc.
23 Junio 2011 - 12:15PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Tower Bancorp, Inc. (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 per share of Tower
stock. The transaction has a total value of approximately $343
million.
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.
If you own common stock in Tower and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/tower-bancorp.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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