Faruqi & Faruqi, LLP Seeks to Protect Investors with over $1 Million Invested in Hudson City Bancorp, Inc. in Connection with...
September 12 2012 - 7:38PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Hudson City Bancorp, Inc. (“Hudson City” or the
“Company”) (NASDAQ: HCBK) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to M&T Bank Corporation (“M&T”) (NYSE: MTB) in a
deal valued at approximately $3.7 billion. Under the terms of the
proposed transaction, Hudson City’s stockholders will receive
0.08403 of an M&T share in the form of either M&T stock or
cash. The transaction values the proposed consideration at
approximately $7.74 based on today’s close, while according to
Yahoo! Finance, at least one financial analyst has set a price
target of $8.75 for Hudson City.
Request more information now by clicking here:
www.faruqilaw.com/HCBK. There is no cost or
obligation to you.
Whether Hudson City’s Board of Directors breached their
fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Hudson City’s shares and by how much this proposed
transaction undervalues the Company to the detriment of Hudson
City’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Hudson City and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/HCBK or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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