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 ("
" or the "Company") (NASDAQ: FRNK) to TowneBank (NASDAQ: TOWN). Under the terms of the proposed transaction, shareholders of
will receive only 1.40 shares of TowneBank common stock for each share of
common stock that they own, implying a price per share of
stock based on the closing price of TowneBank stock on
, 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 (
) or associate
Michael J. Palestina
) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit
Kahn Swick & Foti, LLC206 Covington St.
SOURCE Kahn Swick & Foti, LLC