BALA CYNWYD, Pa., May 17, 2013 /PRNewswire/ -- 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 in loans.
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
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/587-mflr-mayflower-bancorp-inc.html, or
calling toll free 877-LEGAL-90.
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.
SOURCE Brodsky & Smith, LLC