NEW YORK, Aug. 27, 2012 /PRNewswire/ -- Harwood Feffer LLP ( www.hfesq.com) is investigating potential claims against the board of directors of Hudson City Bancorp Inc. ("Hudson City" or the "Company") (NASDAQ: HCBK) concerning the proposed acquisition of the Company by M&T Bank Corp. ("M&T") in a transaction valued at approximately $3.7 billion.
On August 27, 2012, it was announced that Hudson City had entered into an agreement to be acquired by M&T. Under the agreement, Hudson City shareholders will receive consideration valued at 0.08403 of one M&T share for each share owned. Hudson City shareholders will have to option to elect to receive either M&T stock or cash in exchange for their Hudson City shares.
Our investigation concerns whether the Hudson City board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.If you own Hudson City shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact: Benjamin Sachs-Michaels, Esq. Robert I. Harwood, Esq.Harwood Feffer LLP488 Madison Avenue New York, New York 10022Phone Numbers: (877) 935-7400(212)935-7400Email: firstname.lastname@example.org Website: http://www.hfesq.com Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ( http://www.hfesq.com) for more information about the firm. Attorney Advertising.© 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ( www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. SOURCE Harwood Feffer LLP