Ryan & Maniskas, LLP Announces Investigation of LSB Corporation
17 Juli 2010 - 3:15AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/lsbx) is
investigating potential claims against the board of directors of
LSB Corporation ("LSB" or the "Company") (NASDAQ: LSBX) concerning
possible breaches of fiduciary duty and other violations of law
related to the Company’s entry into an agreement to be acquired by
People's United Financial, Inc. in a transaction valued at
approximately $96 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of LSB. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/lsbx.
Under the proposed agreement, LSB shareholders will receive
$21.00 in cash for each share of LSB common stock they own.
If you own shares of LSB and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/lsbx. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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