SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Mayflower Bancorp, Inc. In Connection With The Sale Of The Company To Independent Bank Corp.
NEW YORK, June 6, 2013 /PRNewswire/ -- 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 firstname.lastname@example.org 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. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP
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