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IBERIABANK Corporation (NASDAQ: IBKC)

Merger

  • Date:
  • 11/4/2019
  • Company Name:
  • IBERIABANK Corporation
  • Stock Symbol:
  • IBKC
  • Company Name - Buyer:
  • First Horizon National Corporation
  • Status:
  • Investigating
  • Merger Announcement Date:
  • 11/4/2019

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NEW YORK, November 4, 2019 – Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of IBERIABANK Corporation (NASDAQ: IBKC) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed sale to First Horizon National Corporation.

On November 4, 2019, IBERIABANK announced that it had signed an agreement to be acquired by First Horizon National Corporation. Per the merger agreement, IBERIABANK shareholders will receive 4.585 shares of First Horizon common stock for each share of IBERIABANK common stock owned. The deal is scheduled to close in the second quarter of 2020. Bragar Eagel & Squire is concerned that IBERIABANK’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for IBERIABANK stockholders.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in IBERIABANK Corporation. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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