LADENBURG ALERT: Bragar Eagel & Squire, P.C. Investigates Proposed Sale of LTS and Encourages Investors to Contact the Firm
LADENBURG ALERT: Bragar Eagel & Squire, P.C. Investigates Proposed Sale of LTS and Encourages Investors to Contact the Firm |
[12-November-2019] |
NEW YORK, Nov. 12, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed sale to Advisor Group.
Click here to learn more and participate in the action. On November 11, 2019, Ladenburg announced that it had signed an agreement to be acquired by Advisor Group for $3.50 per share in cash, or a total of about $1.3 billion. The deal is scheduled to close in the first half of 2020. Bragar Eagel & Squire is concerned that Ladenburg's board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Indeed, Ladenburg's stock has recently traded well above the $3.50 per share deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Ladenburg stockholders. If you own shares of Ladenburg and are concerned about the proposed merger, or you're interested in learning more about the investigation or your legal rights and remedies, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: View original content to download multimedia:http://www.prnewswire.com/news-releases/ladenburg-alert-bragar-eagel--squire-pc-investigates-proposed-sale-of-lts-and-encourages-investors-to-contact-the-firm-300956675.html SOURCE Bragar Eagel & Squire, P.C. | ||
Company Codes: AMEX:LTS |
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