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).
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
)
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
jlevi@zlk.com 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
