EQUITY ALERT: Rosen Law Firm Announces Investigation of CMS Bancorp, Inc. Concerning its Proposed Sale to Putnam County Savin...
October 08 2014 - 9:13AM
Business Wire
The Rosen Law Firm, P.A. announces that it is investigating the
Board of Directors of CMS Bancorp, Inc. (NASDAQ:CMSB) for possible
breaches of fiduciary duty and other violations of law by failing
to adequately shop CMS Bancorp to maximize shareholder value before
agreeing to be acquired by Putnam County Savings Bank.
If you would like to join the action, go to
http://rosenlegal.com/cases-391.html or contact Phillip Kim or
Kevin Chan, toll-free at 866-767-3653, or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $13.25 in cash for each share of CMS Bancorp they own. The
proposed transaction is valued at approximately $25.4 million. The
investigation relates to whether the proposal for $13.25 in cash is
fair to public shareholders and whether CMS Bancorp’s Board
breached its fiduciary duties in connection with the proposed
sale.
If you currently own shares of CMS Bancorp and wish to obtain
additional information, please visit the website at
http://rosenlegal.com/cases-391.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Phillip Kim, Esq.Kevin Chan, Esq.Laurence Rosen, Esq.The Rosen
Law Firm P.A.275 Madison Avenue 34th FloorNew York, New York
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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