Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Eastern Insurance Holdings, Inc. Stockholders
26 September 2013 - 12:44AM
Business Wire
Kirby McInerney LLP is investigating potential claims against
the Board of Directors of Eastern Insurance Holdings, Inc.
(“Eastern” or the “Company”) (NASDAQ: EIHI) concerning the proposed
acquisition of the Company by ProAssurance Corporation. Under the
terms of the proposed transaction, Eastern stockholders will
receive $24.50 in cash for each share of Eastern owned, valuing the
transaction at approximately $205 million.
The investigation concerns whether Eastern’s Board of Directors
violated its fiduciary duties by agreeing to this transaction and
whether the proposed consideration adequately values Eastern’s
common shares.
If you are a shareholder of Eastern and wish to obtain
additional information, please contact J. Brandon Walker, Esq.
by email at bwalker@kmllp.com, by telephone at (212) 699-1145 or
(888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to
www.kmllp.com.
Kirby McInerney LLPJ. Brandon Walker, Esq., 212-699-1145 or
888-529-4787bwalker@kmllp.com
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