NEW YORK, June 18, 2019 (GLOBE NEWSWIRE) -- 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.
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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 Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation of LegacyTexas please go to https://bespc.com/ltxb/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 308-1869
investigations@bespc.com
www.bespc.com