NEBS New England Bancshares, Inc. (MM)

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of New England Bancshares, Inc. (“NEBS”) (NASDAQ: NEBS) to United Financial Bancorp, Inc. for shareholders. Under the proposed merger, NEBS shareholders will receive 0.9575 shares of United Financial common stock for each share of NEBS stock owned, which is about $14.23 per share based on yesterday’s closing price.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The definitive acquisition agreement involves stock transaction with a total equity value of approximately $91 million. The deal is expected to close in the fourth quarter of 2012.

The investigation centers on whether NEBS shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues NEBS’ stock, and whether NEBS’ board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, “Based on the stock conversion and other factors, we are investigating whether the transaction undervalues NEBS stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

New England Bancshares, Inc. (MM) (NASDAQ:NEBS)
Historical Stock Chart
From Dec 2024 to Jan 2025

New England Bancshares, Inc. (MM) (NASDAQ:NEBS)
Historical Stock Chart
From Jan 2024 to Jan 2025