LEGC Legacy Bancorp, Inc. (MM)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Legacy Bancorp, Inc. (“Legacy” or the “Company”) (NasdaqGM: LEGC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Berkshire Hills Bancorp, Inc. (“Berkshire”) (NasdaqGS: BHLB) for an estimated $110 million. The proposed transaction offers Legacy shareholders to only receive 0.56385 share of Berkshire for each share of Legacy, valuing the Company’s stock at approximately $13.30 per share.

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Whether the Legacy’s Board of Directors breached their fiduciary duties to Legacy’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Legacy’s shares and by how much this proposed transaction undervalues the Company to the detriment of Legacy shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Legacy and wish to obtain additional information, please visit us at www.faruqilaw.com/LEGC or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Grafico Azioni Legacy Bancorp (NASDAQ:LEGC)
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