INVESTOR ALERT: Central Bancorp Merger Investigated by the Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP
01 Maggio 2012 - 7:16PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale Central Bancorp, Inc. (“CEBK”)
(NASDAQ: CEBK) to Independent Bank Corp. for shareholders. Under
the proposed buyout, 60% of outstanding CEBK shares will be
exchanged for shares of Independent Bank Corp. at an exchange ratio
subject to limited adjustment, and 40% of outstanding CEBK shares
will be purchased for only $32.00 per share.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
Under the definitive merger agreement, the transaction is valued
at approximately $54.8 million and is expected to close in the
fourth quarter of 2012.
According to shareholder rights attorney Willie Briscoe, “The
investigation centers on whether CEBK shareholders are receiving
adequate compensation for their shares in the buyout, whether the
transaction undervalues CEBK’s stock, and whether CEBK’s board
attempted to obtain the highest share price for all shareholders
prior to agreeing to the deal. Based on the terms of the
transaction, and other factors, the firms are investigating whether
the buyout price is fair to CEBK shareholders. Our proposed
shareholder lawsuit seeks to obtain additional value for
shareholders than what is proposed in the current buyout
offer."
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Grafico Azioni Central Bancorp (NASDAQ:CEBK)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Central Bancorp (NASDAQ:CEBK)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Central Bancorp, (MM) (NASDAQ): 0 articoli recenti
Più Powers Taylor, LLP Articoli Notizie