Franklin Financial Corp (FRNK) 21.71 $FRNK
Merger Arbitrage Mondays - January 5, 2015
Asif Suria - at Seeking Alpha - Mon Jan 05, 5:34AM CST
Merger activity decreased last week with two new mergers announced and three deals closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: ...
NWBI: 11.91 (+0.08), TLM: 7.63 (-0.03), LO: 67.30 (-0.80), MTB: 123.90 (+0.52), MFI: 10.43 (+0.23), CNL: 53.80 (+0.10), SMPL: 17.70 (+0.20), WMGI: 25.68 (+0.17), ROC: 79.20 (+0.33), CFN: 59.81 (+0.01), HTH: 19.42 (+0.13), AUXL: 36.47 (-0.06), VSCI: 0.47 (unch), CBIN: 27.23 (+0.08), UPI: 1.27 (unch), CMSB: 13.19 (+0.13), CODE: 35.99 (+0.03), ESYS: 17.46 (+0.01), SIBC: 21.10 (+0.22), CHYR: 2.81 (+0.01), ATLS: 30.17 (+0.27), RNR: 103.80 (-0.64), COV: 106.71 (-1.36), HAL: 44.19 (+1.42), FDO: 77.86 (+0.31), EDS: 1.55 (+0.01), HCBK: 9.92 (+0.03), HBNK: 21.40 (+0.25), ESBF: 17.77 (+0.05), POM: 27.06 (-0.04), AMRE: 26.51 (unch), APAGF: 14.15 (-0.10), RNA: 18.65 (unch), XWES: 5.46 (-0.03), LNBB: 17.74 (-0.01), TRLA: 46.89 (+0.74), GRT: 14.06 (+0.10), PETM: 82.70 (+0.03), GFIG: 6.03 (-0.03), PTRY: 36.72 (+0.05), CIMT: 8.83 (+0.03), COBK: 13.41 (unch), ACT: 285.37 (+3.71), SWY: 35.10 (-0.04), ASYS: 9.87 (+0.30), NBCB: 35.20 (+0.28), MIG: 8.35 (unch), CVD: 107.08 (+0.05), VIAS: 17.37 (-0.02), BIRT: 6.60 (+0.01), AGN: 229.49 (+1.87), CACQ: 7.72 (+0.12), T: 34.66 (+0.05), IRF: 39.98 (-0.01), OILT: 44.69 (+0.29), APL: 27.30 (+0.85), CQB: 14.49 (unch), VOLC: 17.98 (+0.03), DTV: 87.51 (-0.32), SWS: 6.91 (-0.01), VYFC: 19.72 (+0.12), BNCN: 16.66 (-0.04), FRNK: 21.71 (+0.53), HVB: 26.29 (-0.36), TEG: 75.56 (-1.61), TWC: 149.74 (+2.21), DWSN: 6.89 (-0.42), GTIV: 19.19 (-0.23), SUSQ: 13.48 (+0.01), TRW: 103.60 (-0.06), BHI: 64.31 (+1.93), PTP: 76.57 (-0.13), HBOS: 24.84 (+0.14), NBTF: 29.50 (+0.20), FFKY: 3.90 (-0.20), DRC: 81.21 (+0.31), AVIV: 36.45 (-0.08), BKYF: 47.75 (-0.30), HE: 33.14 (-0.22), BTUI: 2.62 (-0.04), NGLS: 45.82 (+1.66), RNST: 27.87 (+0.28), HCT: 13.11 (+0.09), PL: 69.95 (-0.01), AVNR: 16.96 (unch), CBST: 101.94 (+0.14), RVBD: 20.85 (-0.03), SAPE: 24.98 (-0.02), PRLS: 6.96 (-0.02), PENX: 18.87 (-0.01), IGT: 17.20 (-0.04), CMCSA: 59.47 (+1.09)
TowneBank and Franklin Financial Corporation Receive Regulatory Approvals for Merger
GlobeNewswire - Fri Dec 12, 3:57PM CST
Hampton Roads-based TowneBank (the "Company"
(Nasdaq:TOWN) and Richmond-based Franklin Financial Corporation ("Franklin" (Nasdaq:FRNK) today announced that the Federal Deposit Insurance Corporation and the Virginia State Corporation Commission have approved the regulatory applications filed in connection with the Company's acquisition of Franklin and its wholly-owned subsidiary Franklin Federal Savings Bank. The stockholders of TowneBank and Franklin have approved the transaction at separate stockholder meetings and the acquisition is expected to be completed in early January 2015.
FRNK: 21.71 (+0.53), TOWN: 14.72 (+0.06)
Stockholders Approve TowneBank Acquisition of Franklin Financial Corporation
GlobeNewswire - Thu Dec 04, 3:06PM CST
Hampton Roads-based TowneBank (Nasdaq:TOWN) and Richmond-based Franklin Financial Corporation ("Franklin" (Nasdaq:FRNK), the holding company for Franklin Federal Savings Bank, today announced stockholder approval of their proposed merger at separate special stockholder meetings, pursuant to which TowneBank will acquire Franklin.
FRNK: 21.71 (+0.53), TOWN: 14.72 (+0.06)
How To Make 2.7 Times The Market During 13F Season
Benzinga - Seeking Alpha - Thu Nov 13, 12:03PM CST
By Tim Melvin This week is something of a holiday for value-oriented investors. They might not get to take any time off, but they do get a few presents. Growth investors and traders can celebrate earnings season, but for those with a longer term...
NPBC: 10.65 (-0.01), ASBI: 17.60 (unch), BFIN: 11.75 (-0.03), FXCB: 16.31 (-0.06), EFSC: 20.24 (-0.07), CNOB: 18.40 (-0.26), METR: 25.95 (+0.02), FFNW: 12.19 (+0.05), HFBC: 13.03 (-0.26), SGBK: 28.10 (+0.10), PROV: 15.85 (+0.22), MFSF: 22.86 (+0.05), BANC: 11.18 (-0.13), CHEV: 14.44 (-0.01), FRNK: 21.71 (+0.53), NECB: 6.96 (unch)
SHAREHOLDER ALERT: Brower Piven Announces Class Action Lawsuit in Connection With the Sale of Franklin Financial Corporation -- FRNK
GlobeNewswire - Tue Oct 07, 7:35PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Virginia on behalf of all common stockholders of Franklin Financial Corporation ("Franklin" or the "Company" (Nasdaq:FRNK) relating to the proposed buyout of the Company by TowneBank ("TowneBank" .
FRNK: 21.71 (+0.53)
Franklin Financial Corporation Reports Third Quarter 2014 Financial Results
PR Newswire - Tue Aug 05, 3:05PM CDT
Franklin Financial Corporation (NASDAQ: FRNK) ("the Company" , the parent company of Franklin Federal Savings Bank, announced net income for the three months ended June 30, 2014 of $2.7 million, or $0.24 per diluted share, compared to $1.7 million, or $0.14 per diluted share, for the three months ended June 30, 2013. Net income for the nine months ended June 30, 2014 was $9.7 million, or $0.85 per diluted share, compared to $6.7 million, or $0.56 per diluted share, for the nine months ended June 30, 2013.
FRNK: 21.71 (+0.53)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Franklin Financial Corporation in Connection with the Sale of the Company
Business Wire - Mon Jul 28, 5:05PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Franklin Financial Corporation ("Franklin Financial" or the "Company" (Nasdaq: FRNK) relating to the proposed acquisition by TowneBank.
FRNK: 21.71 (+0.53)
INVESTOR ALERT - Franklin Financial Corporation: The Law Offices of Vincent Wong Investigates the Sale of Franklin Financial Corporation
Business Wire - Mon Jul 28, 10:37AM CDT
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Franklin Financial Corporation (Nasdaq: FRNK) ("Franklin Financial" in connection with the sale of the Company to TowneBank (NasdaqGS: TOWN).
TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
INVESTOR ALERT - Franklin Financial Corporation: The Law Offices of Vincent Wong Investigates the Sale of Franklin Financial Corporation - FRNK
Business Wire - Fri Jul 25, 9:33AM CDT
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Franklin Financial Corporation (Nasdaq:FRNK) ("Franklin Financial" in connection with the sale of the Company to TowneBank (NasdaqGS:TOWN).
TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Franklin Financial Corporation in Connection with the Sale of the Company -FRNK
PR Newswire - Thu Jul 24, 5:35PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Franklin Financial Corporation ("Franklin Financial" or the "Company" (Nasdaq: FRNK) relating to the proposed acquisition by TowneBank.
FRNK: 21.71 (+0.53)
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Franklin Financial Corporation In Connection With The Proposed Sale Of The Company
Business Wire - Tue Jul 22, 4:38PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of Franklin Financial Corporation ("Franklin" or the "Company" (NasdaqGS: FRNK) relating to the proposed buyout of the Company by TowneBank ("TowneBank" .
FRNK: 21.71 (+0.53)
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Franklin Financial Corporation and Its Board of Directors In Connection With the Sale of the Company to TowneBank -- FRNK
PR Newswire - Fri Jul 18, 6:44PM CDT
Levi & Korsinsky is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or "the Company" (Nasdaq: FRNK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to TowneBank (NasdaqGS: TOWN).
TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
FRANKLIN FINANCIAL SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Franklin Financial Corporation (FRNK) Over the Proposed Sale of the Company to TowneBank
Business Wire - Fri Jul 18, 5:00PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or the "Company" (Nasdaq:FRNK) for potential breaches of fiduciary duties in connection with the sale of the Company to TowneBank ("TowneBank" for approximately $275 million. The Company's stockholders will receive 1.40 shares of TowneBank common stock for each share of Franklin common stock they own. This only represents an approximate value of $23.04 per share.
FRNK: 21.71 (+0.53)
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Franklin Financial Corporation and Its Board of Directors in Connection with the Sale of the Company to TowneBank
Business Wire - Wed Jul 16, 6:16AM CDT
Levi & Korsinsky is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or "the Company" (Nasdaq:FRNK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to TowneBank (NasdaqGS:TOWN).
TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
FRANKLIN FINANCIAL CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Franklin Financial Corporation (FRNK) Over the Proposed Sale of the Company to TowneBank
Business Wire - Tue Jul 15, 6:30PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or the "Company" (Nasdaq:FRNK) for potential breaches of fiduciary duties in connection with the sale of the Company to TowneBank ("TowneBank" for approximately $275 million. The Company's stockholders will receive 1.40 shares of TowneBank common stock for each share of Franklin common stock they own. This only represents an approximate value of $23.04 per share.
FRNK: 21.71 (+0.53)
FRANKLIN FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Franklin Financial Corporation
PR Newswire - Tue Jul 15, 5:37PM CDT
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF" are investigating the proposed sale of Franklin Financial Corporation ("Franklin" or the "Company" (NASDAQ: FRNK) to TowneBank (NASDAQ: TOWN). Under the terms of the proposed transaction, shareholders of Franklin will receive only 1.40 shares of TowneBank common stock for each share of Franklin common stock that they own, implying a price per share of $23.04 for Franklin stock based on the closing price of TowneBank stock on July 14, 2014. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
FRANKLIN FINANCIAL CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Franklin Financial Corporation Over the Proposed Sale of the Company to TowneBank
PR Newswire - Tue Jul 15, 12:02PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or the "Company" (NASDAQ: FRNK) for potential breaches of fiduciary duties in connection with the sale of the Company to TowneBank ("TowneBank" for approximately $275 million. The Company's stockholders will receive 1.40 shares of TowneBank common stock for each share of Franklin common stock they own. This only represents an approximate value of $23.04 per share.
FRNK: 21.71 (+0.53)
Merger Arbitrage Mondays - January 5, 2015
Asif Suria - at Seeking Alpha - Mon Jan 05, 5:34AM CST
Merger activity decreased last week with two new mergers announced and three deals closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: ...
NWBI: 11.91 (+0.08), TLM: 7.63 (-0.03), LO: 67.30 (-0.80), MTB: 123.90 (+0.52), MFI: 10.43 (+0.23), CNL: 53.80 (+0.10), SMPL: 17.70 (+0.20), WMGI: 25.68 (+0.17), ROC: 79.20 (+0.33), CFN: 59.81 (+0.01), HTH: 19.42 (+0.13), AUXL: 36.47 (-0.06), VSCI: 0.47 (unch), CBIN: 27.23 (+0.08), UPI: 1.27 (unch), CMSB: 13.19 (+0.13), CODE: 35.99 (+0.03), ESYS: 17.46 (+0.01), SIBC: 21.10 (+0.22), CHYR: 2.81 (+0.01), ATLS: 30.17 (+0.27), RNR: 103.80 (-0.64), COV: 106.71 (-1.36), HAL: 44.19 (+1.42), FDO: 77.86 (+0.31), EDS: 1.55 (+0.01), HCBK: 9.92 (+0.03), HBNK: 21.40 (+0.25), ESBF: 17.77 (+0.05), POM: 27.06 (-0.04), AMRE: 26.51 (unch), APAGF: 14.15 (-0.10), RNA: 18.65 (unch), XWES: 5.46 (-0.03), LNBB: 17.74 (-0.01), TRLA: 46.89 (+0.74), GRT: 14.06 (+0.10), PETM: 82.70 (+0.03), GFIG: 6.03 (-0.03), PTRY: 36.72 (+0.05), CIMT: 8.83 (+0.03), COBK: 13.41 (unch), ACT: 285.37 (+3.71), SWY: 35.10 (-0.04), ASYS: 9.87 (+0.30), NBCB: 35.20 (+0.28), MIG: 8.35 (unch), CVD: 107.08 (+0.05), VIAS: 17.37 (-0.02), BIRT: 6.60 (+0.01), AGN: 229.49 (+1.87), CACQ: 7.72 (+0.12), T: 34.66 (+0.05), IRF: 39.98 (-0.01), OILT: 44.69 (+0.29), APL: 27.30 (+0.85), CQB: 14.49 (unch), VOLC: 17.98 (+0.03), DTV: 87.51 (-0.32), SWS: 6.91 (-0.01), VYFC: 19.72 (+0.12), BNCN: 16.66 (-0.04), FRNK: 21.71 (+0.53), HVB: 26.29 (-0.36), TEG: 75.56 (-1.61), TWC: 149.74 (+2.21), DWSN: 6.89 (-0.42), GTIV: 19.19 (-0.23), SUSQ: 13.48 (+0.01), TRW: 103.60 (-0.06), BHI: 64.31 (+1.93), PTP: 76.57 (-0.13), HBOS: 24.84 (+0.14), NBTF: 29.50 (+0.20), FFKY: 3.90 (-0.20), DRC: 81.21 (+0.31), AVIV: 36.45 (-0.08), BKYF: 47.75 (-0.30), HE: 33.14 (-0.22), BTUI: 2.62 (-0.04), NGLS: 45.82 (+1.66), RNST: 27.87 (+0.28), HCT: 13.11 (+0.09), PL: 69.95 (-0.01), AVNR: 16.96 (unch), CBST: 101.94 (+0.14), RVBD: 20.85 (-0.03), SAPE: 24.98 (-0.02), PRLS: 6.96 (-0.02), PENX: 18.87 (-0.01), IGT: 17.20 (-0.04), CMCSA: 59.47 (+1.09)
TowneBank and Franklin Financial Corporation Receive Regulatory Approvals for Merger
GlobeNewswire - Fri Dec 12, 3:57PM CST
Hampton Roads-based TowneBank (the "Company"
(Nasdaq:TOWN) and Richmond-based Franklin Financial Corporation ("Franklin" (Nasdaq:FRNK) today announced that the Federal Deposit Insurance Corporation and the Virginia State Corporation Commission have approved the regulatory applications filed in connection with the Company's acquisition of Franklin and its wholly-owned subsidiary Franklin Federal Savings Bank. The stockholders of TowneBank and Franklin have approved the transaction at separate stockholder meetings and the acquisition is expected to be completed in early January 2015. FRNK: 21.71 (+0.53), TOWN: 14.72 (+0.06)
Stockholders Approve TowneBank Acquisition of Franklin Financial Corporation
GlobeNewswire - Thu Dec 04, 3:06PM CST
Hampton Roads-based TowneBank (Nasdaq:TOWN) and Richmond-based Franklin Financial Corporation ("Franklin"
(Nasdaq:FRNK), the holding company for Franklin Federal Savings Bank, today announced stockholder approval of their proposed merger at separate special stockholder meetings, pursuant to which TowneBank will acquire Franklin. FRNK: 21.71 (+0.53), TOWN: 14.72 (+0.06)
How To Make 2.7 Times The Market During 13F Season
Benzinga - Seeking Alpha - Thu Nov 13, 12:03PM CST
By Tim Melvin This week is something of a holiday for value-oriented investors. They might not get to take any time off, but they do get a few presents. Growth investors and traders can celebrate earnings season, but for those with a longer term...
NPBC: 10.65 (-0.01), ASBI: 17.60 (unch), BFIN: 11.75 (-0.03), FXCB: 16.31 (-0.06), EFSC: 20.24 (-0.07), CNOB: 18.40 (-0.26), METR: 25.95 (+0.02), FFNW: 12.19 (+0.05), HFBC: 13.03 (-0.26), SGBK: 28.10 (+0.10), PROV: 15.85 (+0.22), MFSF: 22.86 (+0.05), BANC: 11.18 (-0.13), CHEV: 14.44 (-0.01), FRNK: 21.71 (+0.53), NECB: 6.96 (unch)
SHAREHOLDER ALERT: Brower Piven Announces Class Action Lawsuit in Connection With the Sale of Franklin Financial Corporation -- FRNK
GlobeNewswire - Tue Oct 07, 7:35PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Virginia on behalf of all common stockholders of Franklin Financial Corporation ("Franklin" or the "Company"
(Nasdaq:FRNK) relating to the proposed buyout of the Company by TowneBank ("TowneBank" . FRNK: 21.71 (+0.53)
Franklin Financial Corporation Reports Third Quarter 2014 Financial Results
PR Newswire - Tue Aug 05, 3:05PM CDT
Franklin Financial Corporation (NASDAQ: FRNK) ("the Company"
, the parent company of Franklin Federal Savings Bank, announced net income for the three months ended June 30, 2014 of $2.7 million, or $0.24 per diluted share, compared to $1.7 million, or $0.14 per diluted share, for the three months ended June 30, 2013. Net income for the nine months ended June 30, 2014 was $9.7 million, or $0.85 per diluted share, compared to $6.7 million, or $0.56 per diluted share, for the nine months ended June 30, 2013. FRNK: 21.71 (+0.53)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Franklin Financial Corporation in Connection with the Sale of the Company
Business Wire - Mon Jul 28, 5:05PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Franklin Financial Corporation ("Franklin Financial" or the "Company"
(Nasdaq: FRNK) relating to the proposed acquisition by TowneBank. FRNK: 21.71 (+0.53)
INVESTOR ALERT - Franklin Financial Corporation: The Law Offices of Vincent Wong Investigates the Sale of Franklin Financial Corporation
Business Wire - Mon Jul 28, 10:37AM CDT
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Franklin Financial Corporation (Nasdaq: FRNK) ("Franklin Financial"
in connection with the sale of the Company to TowneBank (NasdaqGS: TOWN). TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
INVESTOR ALERT - Franklin Financial Corporation: The Law Offices of Vincent Wong Investigates the Sale of Franklin Financial Corporation - FRNK
Business Wire - Fri Jul 25, 9:33AM CDT
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Franklin Financial Corporation (Nasdaq:FRNK) ("Franklin Financial"
in connection with the sale of the Company to TowneBank (NasdaqGS:TOWN). TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Franklin Financial Corporation in Connection with the Sale of the Company -FRNK
PR Newswire - Thu Jul 24, 5:35PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Franklin Financial Corporation ("Franklin Financial" or the "Company"
(Nasdaq: FRNK) relating to the proposed acquisition by TowneBank. FRNK: 21.71 (+0.53)
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Franklin Financial Corporation In Connection With The Proposed Sale Of The Company
Business Wire - Tue Jul 22, 4:38PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of Franklin Financial Corporation ("Franklin" or the "Company"
(NasdaqGS: FRNK) relating to the proposed buyout of the Company by TowneBank ("TowneBank" . FRNK: 21.71 (+0.53)
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Franklin Financial Corporation and Its Board of Directors In Connection With the Sale of the Company to TowneBank -- FRNK
PR Newswire - Fri Jul 18, 6:44PM CDT
Levi & Korsinsky is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or "the Company"
(Nasdaq: FRNK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to TowneBank (NasdaqGS: TOWN). TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
FRANKLIN FINANCIAL SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Franklin Financial Corporation (FRNK) Over the Proposed Sale of the Company to TowneBank
Business Wire - Fri Jul 18, 5:00PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or the "Company"
(Nasdaq:FRNK) for potential breaches of fiduciary duties in connection with the sale of the Company to TowneBank ("TowneBank" for approximately $275 million. The Company's stockholders will receive 1.40 shares of TowneBank common stock for each share of Franklin common stock they own. This only represents an approximate value of $23.04 per share. FRNK: 21.71 (+0.53)
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Franklin Financial Corporation and Its Board of Directors in Connection with the Sale of the Company to TowneBank
Business Wire - Wed Jul 16, 6:16AM CDT
Levi & Korsinsky is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or "the Company"
(Nasdaq:FRNK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to TowneBank (NasdaqGS:TOWN). TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
FRANKLIN FINANCIAL CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Franklin Financial Corporation (FRNK) Over the Proposed Sale of the Company to TowneBank
Business Wire - Tue Jul 15, 6:30PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or the "Company"
(Nasdaq:FRNK) for potential breaches of fiduciary duties in connection with the sale of the Company to TowneBank ("TowneBank" for approximately $275 million. The Company's stockholders will receive 1.40 shares of TowneBank common stock for each share of Franklin common stock they own. This only represents an approximate value of $23.04 per share. FRNK: 21.71 (+0.53)
FRANKLIN FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Franklin Financial Corporation
PR Newswire - Tue Jul 15, 5:37PM CDT
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF"
are investigating the proposed sale of Franklin Financial Corporation ("Franklin" or the "Company" (NASDAQ: FRNK) to TowneBank (NASDAQ: TOWN). Under the terms of the proposed transaction, shareholders of Franklin will receive only 1.40 shares of TowneBank common stock for each share of Franklin common stock that they own, implying a price per share of $23.04 for Franklin stock based on the closing price of TowneBank stock on July 14, 2014. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. TOWN: 14.72 (+0.06), FRNK: 21.71 (+0.53)
FRANKLIN FINANCIAL CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Franklin Financial Corporation Over the Proposed Sale of the Company to TowneBank
PR Newswire - Tue Jul 15, 12:02PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Franklin Financial Corporation ("Franklin" or the "Company"
(NASDAQ: FRNK) for potential breaches of fiduciary duties in connection with the sale of the Company to TowneBank ("TowneBank" for approximately $275 million. The Company's stockholders will receive 1.40 shares of TowneBank common stock for each share of Franklin common stock they own. This only represents an approximate value of $23.04 per share. FRNK: 21.71 (+0.53)
