NEW ORLEANS, June 4, 2014 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of LSB Financial Corporation ("LSB" or the "Company") (NASDAQ GM: LSBI) to Old National Bancorp ("Old National") (NASDAQ GS: ONB). Under the terms of the proposed transaction, shareholders of LSB will receive only $10.63 in cash and 2.269 shares of Old National common stock for each share of LSB common stock that they own. Based upon the June 3, 2014, closing price of $13.68 per share of Old National common stock, the transaction is valued at approximately $41.67 per share of LSB common stock. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (firstname.lastname@example.org) or associate Michael J. Palestina (email@example.com) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
- Company Legal & Law Matters
- Investment & Company Information