SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of May...
17 Mai 2013 - 5:38PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Mayflower Bancorp, Inc. (“Mayflower” or the “Company”) (NasdaqGM:
MFLR) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to
Independent Bank Corp. (NasdaqGS: INDB).
Click here to learn more about the investigation
http://zlk.9nl.com/mayflower-bancorp-mflr/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction Mayflower shareholders may
elect to receive either 0.565 of an Independent share or $17.50 for
each share of Mayflower stock they own, with 30% of outstanding
Mayflower shares exchanged for the cash consideration. The
transaction has a total approximate value of $37.2 million. The
investigation concerns whether the Mayflower Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
transaction, whether Independent Bank corp. is underpaying for
Mayflower stock, thus unlawfully harming Mayflower
shareholders.
If you own common stock in Mayflower and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/mayflower-bancorp-mflr/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Mayflower Bancorp, Inc. (MM) (NASDAQ:MFLR)
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