LTXB - LEGACYTEXAS MERGER INVESTIGATION: Halper Sadeh LLP Announces Investigation Into Whether the Sale of LegacyTexas Financial Group Inc. is Fair to Shareholders - LTXB
NEW YORK, June 17, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of LegacyTexas Financial Group, Inc. (“LegacyTexas” or the “Company”) (NASDAQ: LTXB) to Prosperity Bancshares, Inc. (“Prosperity”) is fair to LegacyTexas shareholders. On behalf of LegacyTexas shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
If you are a LegacyTexas shareholder and would like to discuss your legal rights and options, please visit LegacyTexas Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
On March 6, 2019, Stephens set a target price for LegacyTexas at $45.00 per share. The LegacyTexas merger investigation concerns whether LegacyTexas and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for LegacyTexas shareholders; (2) determine whether Prosperity is underpaying for LegacyTexas; and (3) disclose all material information necessary for LegacyTexas shareholders to adequately assess and value the merger consideration.
If you are a LegacyTexas shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/legacytexas-financial-group-inc-ltxb-prosperity-bank-merger-stock/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com