AMERIANA BANCORP SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
Jun 29, 2015, 12:56 ET
WILMINGTON, Del., June 29, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Ameriana Bancorp (NASDAQ CM: ASBI)?
- Did you purchase any of your shares prior to June 29, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Ameriana Bancorp ("Ameriana" or the "Company") (NASDAQ CM: ASBI) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by First Merchants Corporation ("First Merchants") (NASDAQ GS: FRME), in a transaction valued at approximately $68.8 million.
Click here to learn more: http://rigrodskylong.com/investigations/ameriana-bancorp-asbi.
Under the terms of the agreement, shareholders of Ameriana will receive 0.9037 shares of First Merchants for each share of Ameriana they own. Based on First Merchants' closing price on June 26, 2015, Ameriana shareholders would have received compensation valued at approximately $22.71 per share.
The investigation concerns whether Ameriana's board of directors failed to adequately shop the Company and obtain the best possible value for Ameriana's shareholders before entering into an agreement with First Merchants.
If you own the common stock of Ameriana and purchased your shares before June 29, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected], or at: http://rigrodskylong.com/investigations/ameriana-bancorp-asbi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
Fax: (302) 654-7530
SOURCE Rigrodsky & Long, P.A.
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