Cases
LegacyTexas Financial Group, Inc. (NASDAQL LTXB)
Merger
Overview
Overview
- Date:
- 6/18/2019
- Company Name:
- LegacyTexas Financial Group, Inc.
- Stock Symbol:
- LTXB
- Company Name - Buyer:
- Prosperity Bancshares, Inc.
- Status:
- Filed
- Merger Announcement Date:
- 6/17/2019
- Filing Date:
- 9/4/2019
NEW YORK, June 18, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of LegacyTexas Financial Group, Inc. (NASDAQ: LTXB) on behalf of LegacyTexas shareholders concerning the proposed merger with Prosperity Bancshares, Inc.
Pursuant to the proposed transaction, announced on June 17, 2019 and valued at approximately $2.1 billion, LegacyTexas shareholders will receive 0.5280 shares of Prosperity common stock and $6.28 cash for each LegacyTexas share owned. The investigation focuses on whether LegacyTexas and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company
If you own LegacyTexas shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on June 17, 2019 and valued at approximately $2.1 billion, LegacyTexas shareholders will receive 0.5280 shares of Prosperity common stock and $6.28 cash for each LegacyTexas share owned. The investigation focuses on whether LegacyTexas and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company
If you own LegacyTexas shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.