Business & Finance
Business and Finance
Business and Finance
Fri, June 24, 2011
Thu, June 23, 2011 The Law Offices of Vincent Wong Announce an Investigation of Tower Bancorp, Inc.
NEW YORK--([ 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.
