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EQUITY ALERT: The Rosen Law Firm Announces Investigation of Ameriana Bancorp Concerning its Proposed Sale to First Merchants CorporationThe Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of Ameriana Bancorp (NASDAQ:ASBI) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Ameriana to maximize shareholder value before agreeing to be acquired by First Merchants Corporation (NASDAQ:FRME). If you would like to join the action, go to the firm's website at http://rosenlegal.com/cases-655.html or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via e-mail at [email protected] or [email protected]. There is no cost or obligation to you. Under the terms of the proposed transaction, shareholders will receive 0.9037 shares of First Merchants for each share of Ameriana common stock they own. The proposed transaction is valued at approximately $68.8 million. The investigation relates to whether the proposal is fair to the public shareholders of Ameriana and whether Ameriana's Board breached its fiduciary duties in connection with the proposed sale. If you currently own shares of Ameriana and wish to obtain additional information, please visit the firm's website at http://rosenlegal.com/cases-655.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
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