WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Teche Holding Company (NYSE MKT: TSH)?
- Did you purchase any of your shares prior to January 13, 2014?
- Do you think the proposed buyout price 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 Teche Holding Company (“Teche” or the “Company”) (NYSE MKT: TSH) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by IBERIABANK Corporation (“IBKC”) (NASDAQ GS: IBKC) in a transaction valued at approximately $161 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/teche-holding-company-tsh.
Under the terms of the agreement, public shareholders of Teche will receive 1.162 shares of IBKC common stock for each share of Teche they own. Based on IBKC’s closing stock price on January 10, 2014, Teche shareholders would have received consideration valued at approximately $72.16 per share.
The investigation concerns whether Teche’s board of directors failed to adequately shop the Company and obtain the best possible value for Teche’s shareholders before entering into an agreement with IBKC.
If you own the common stock of Teche and purchased your shares before January 13, 2014, 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 Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/teche-holding-company-tsh.
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.
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