SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Eastern Insurance Holdings, Inc. Buyout
September 25 2013 - 8:25AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Eastern
Insurance Holdings, Inc. (NASDAQ GS: EIHI)?
- Did you purchase any of your shares
prior to September 24, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Eastern
Insurance Holdings, Inc. (“Eastern” or the “Company”) (NASDAQ GS:
EIHI) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by ProAssurance Corporation (“ProAssurance”) (NYSE:
PRA) in a transaction valued at approximately $205 million.
Click here to learn more:
http://rigrodskylong.com/investigations/eastern-insurance-holdings-inc-eihi.
Under the terms of the agreement, public shareholders of Eastern
will receive $24.50 per share in cash for each share of Eastern
they own.
The investigation concerns whether Eastern’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Eastern’s shareholders before entering into an agreement
with ProAssurance.
If you own the common stock of Eastern and purchased your shares
before September 24, 2013, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth Rigrodsky or Brian Long at Rigrodsky & Long, P.A., 825
East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com,
or at:
http://rigrodskylong.com/investigations/eastern-insurance-holdings-inc-eihi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth RigrodskyBrian
Long888-969-4242516-683-3516Fax:
302-654-7530info@rigrodskylong.comhttp://www.rigrodskylong.com
Eastern Insurance Holdings - Common Stock, NO Par Value (MM) (NASDAQ:EIHI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Eastern Insurance Holdings - Common Stock, NO Par Value (MM) (NASDAQ:EIHI)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Eastern Insurance Holdings - Common Stock, NO Par Value (MM) (NASDAQ): 0 recent articles
More Rigrodsky & Long, P.A. News Articles