NEW YORK--(EON: Enhanced Online News)--The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Tower Financial Corporation (NasdaqGM:TOFC) (“Tower Financial”) regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Old National Bancorp (Nasdaq:ONB).
Under the terms of the transaction, Tower Financial shareholders will receive 1.20 shares of Old National common stock and $6.75 in cash for each share of Tower Financial stock they own. The investigation concerns whether the Tower Financial Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for Tower Financial shareholders.
If you own common stock in Tower Financial and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://wongesq.9nl.me/tower-financial/.
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.