Law Firm Brower Piven Announces Investigation of Teche Holding Company
STEVENSON, Md. -- January 23, 2014
The securities litigation firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary duty to
current shareholders of Teche Holding Company (“Teche” or the “Company”) (NYSE
MKT:TSH) and other violations of state law by the board of directors of Teche
relating to the proposed buyout of the Company by IberiaBank Corporation
(“IBKC”). The firm’s investigation seeks to determine, among other things,
whether the board of directors of Teche breached their fiduciary duties by
failing to maximize shareholder value.
According to the press release announcing the proposed buyout, Teche
shareholders will receive 1.162 shares of IBKC common stock for each share of
Teche common stock outstanding, subject to certain market price adjustments
provided for in the merger agreement.
If you currently own common stock of Teche and would like to learn more about
the investigation being conducted by Brower Piven, you may email or call
Brower Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven by email at
firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
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