Ryan & Maniskas, LLP Announces Investigation of Hudson City Bancorp, Inc.
August 28 2012 - 11:45AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/hcbk) is
investigating potential claims against the board of directors of
Hudson City Bancorp, Inc. (“Hudson City” or the “Company”) (NASDAQ:
HCBK) concerning possible breaches of fiduciary duty and other
violations of law related to the Company’s efforts to sell Hudson
City to M&T Bank Corp. in a transaction valued at approximately
$3.7 billion.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by the Company’s board of directors; in particular,
whether the Company undertook a fair process to obtain fair
consideration for all shareholders of Hudson City. For more
information regarding our investigation, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877)
316-3218 or by email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/hcbk.
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.
If you own shares of Hudson City and would like to learn more
about these claims or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/hcbk. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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