SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces
Investigation of Mayflower Bancorp, Inc.
BALA CYNWYD, Pa. -- May 24, 2013
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Mayflower Bancorp, Inc.
(“Mayflower” or the “Company”) (Nasdaq: MFLR) relating to the proposed
acquisition by Independent Bank Corp. (“Independent”).
Click here to learn more about the investigation
http://brodsky-smith.com/587-mflr-mayflower-bancorp-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction Mayflower shareholders may elect to receive
either 0.565 of a share of Independent stock or $17.50 in cash for each share
of Mayflower stock they own. However, 30% of the outstanding Mayflower shares
will be exchanged for cash consideration. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the Board of
Directors of Mayflower for not acting in the Company’s shareholders' best
interests in connection with the sale process. The offer may undervalue the
Company as Mayflower stock traded at $17.98 per share as recently as May 17,
2013. In addition, as stated in Independent’s press release, Mayflower is a
profitable institution with an excellent deposit base and strong credit
quality. Mayflower has $236 million in deposits and approximately $141 million
If you own shares of Mayflower stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC,
Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
email@example.com, by visiting
http://brodsky-smith.com/587-mflr-mayflower-bancorp-inc.html, or calling toll
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case action
lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous
courts throughout the country to serve as lead counsel in class actions and
successfully recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar outcome.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
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