NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Whitney Holding Corporation (Nasdaq: WTNY) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Hancock Holding Company (Nasdaq: HBHC). Under the terms of the proposed deal, Whitney shareholders will receive 0.418 share of Hancock common stock per share of Whitney stock they own. Based on the previous closing prices of HBHC stock, the transaction values Whitney stock at $15.48 per share with a total transaction value of approximately $1.5 billion.
The investigation concerns whether the Whitney Board of Directors breached their fiduciary duties to Whitney stockholders by failing to adequately shop the Company before entering into this transaction and whether Hancock is underpaying for Whitney shares.
If you own common stock in Whitney and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/whitney.html.
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.