WILMINGTON, Del., June 19, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of LSB Financial Corporation ("LSB Financial" or the "Company") relating to the sale of the Company to Old National Bancorp ("Old National"). On June 4, 2014, the two banks announced the signing of a definitive merger agreement pursuant to which Old National will acquire LSB Financial in a merger for mixed cash and stock consideration. As a result of the merger, LSB Financial shareholders are only anticipated to receive 2.269 shares of Old National and $10.63 per share in cash in exchange for each share of LSB Financial stock they own.
Andrews & Springer is investigating whether LSB Financial directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Andrews & Springer is also investigating the fairness of the sales process conducted by LSB Financial's financial advisor Sandler O'Neill & Partners L.P.
If you own shares of LSB Financial and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/lsbfinancial or contact Craig J. Springer, Esq. at firstname.lastname@example.org, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.
Source:Andrews & Springer LLC