NEW ORLEANS, July 15, 2014 /PRNewswire/ -- 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.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( email@example.com) or associate Michael J. Palestina ( firstname.lastname@example.org) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC206 Covington St. Madisonville, LA 70447SOURCE Kahn Swick & Foti, LLC