INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of TECHE HOLDING COMPANY and Its Board of Directors In Connection With the Sale of the Company to IBERIABANK Corporation -- TSH - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |
INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of TECHE HOLDING COMPANY and Its Board of Directors In Connection With the Sale of the Company to IBERIABANK Corporation -- TSH
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SOURCE Levi & Korsinsky, LLP
NEW YORK, Jan. 15, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Teche Holding Company ("Teche" or "the Company") (NYSE MKT: TSH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to IBERIABANK Corporation ("IBKC") (Nasdaq: IBKC).
Under the terms of the transaction, Teche shareholders will receive 1.162 shares of IBKC common stock for each share of Teche common stock they own, representing a value of approximately $72.16 per share. The investigation concerns whether the Teche Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether IBKC is underpaying for Teche shares.
If you own Teche common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/teche-holding-tsh.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com