NEW YORK, June 22, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Tower Bancorp, Inc. ("Tower") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Susquehanna Bancshares, Inc. Under the terms of the transaction, Tower shareholders may elect to receive either 3.4696 shares of Susquehanna common stock or $28.00 in cash for each share of Tower stock they own. The transaction has a total value of approximately $343 million.
Click here to learn how to join the action: http://zlk.9nl.com/Tower-Bancorp-TOBC, or call: 877-363-5972.
The investigation concerns whether the Tower Board of Directors breached their fiduciary duties to Tower stockholders by failing to adequately shop the Company before entering into this transaction and whether Susquehanna Bancshares, Inc. is underpaying for Tower shares, thus unlawfully harming Tower stockholders.
If you own common stock in Tower and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/Tower-Bancorp-TOBC.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
