NEW YORK, May 01, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased MidSouth Bancorp, Inc. (“MidSouth Bancorp” or the “Company”) (NYSE: MSL) stock prior to April 30, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of MidSouth Bancorp to Hancock Whitney Corporation (NASDAQGS: HWC). Under the terms of the transaction, MidSouth Bancorp shareholders will receive 0.2952 shares of Hancock Whitney stock for each share of MidSouth Bancorp stock they own; this represents an approximate value of $12.75 per share. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/midsouth-bancorp-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The MidSouth Bancorp merger investigation concerns whether the Board of MidSouth Bancorp breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Hancock Whitney is underpaying for MidSouth Bancorp shares, thus unlawfully harming MidSouth Bancorp shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com