Business & Finance
Business and Finance
Business and Finance
Tue, June 28, 2011
Mon, June 27, 2011 The Law Office of Joseph Klein is Investigating Tower Bancorp, Inc.
NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is 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 proposed deal, Tower shareholders may elect to receive either 3.4696 shares of Susquehanna common stock or $28.00 in cash per share. The transaction has a total value of approximately $343 million.
Click here to get more information: [ http://www.jkleinlawfirm.com/tower-bancorp-inc.html ].
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 Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/tower-bancorp-inc.html ].
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
