SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Hudson City Bancorp, Inc. In Connection With The Sale Of The Company To M&T Bank Corp.
Levi & Korsinsky is investigating the Board of Directors of Hudson City Bancorp, Inc. (“Hudson City” or the “Company”) (NasdaqGS: HCBK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to M&T Bank Corp. (NYSE: MTB).
Click here to learn more about the investigation: http://zlk.9nl.com/hudson-city-bancorp-hcbk/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Hudson City shareholders may elect to receive a consideration valued at 0.08403 of an M&T Bank Corp. share in either cash or stock for each Hudson City share they own, a value of approximately $7.22 a share. This represents an approximate transaction value of $3.7 billion. The investigation concerns whether the Hudson City Board of Directors breached their fiduciary duties to Hudson City stockholders by failing to adequately shop the Company before entering into this transaction and whether M&T Bank Corp. is underpaying for Hudson City shares, thus unlawfully harming Hudson City stockholders. In particular, Hudson City has a reported Book Value of $9.39 per share for the most recent quarter.
If you own common stock in Hudson City and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/hudson-city-bancorp-hcbk/.Levi & Korsinsky is a national firm with offices in New York 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.
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