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Share Name | Share Symbol | Market | Type |
---|---|---|---|
(MM) | NASDAQ:CMSB | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.25 | 0 | 01:00:00 |
NEW YORK, Oct. 20, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of CMS Bancorp, Inc. ("CMS Bancorp" or "the Company") (NASDAQCM: CMSB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Putnam County Savings Bank.
Click here to learn more about the investigation: http://zlk.9nl.com/cms-bancorp-cmsb.
Under the terms of the transaction, CMS Bancorp shareholders will receive $13.25 in cash for each share of CMS Bancorp stock they own. The investigation concerns whether the Board of CMS Bancorp breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Putnam County Savings Bank is underpaying for CMS Bancorp shares. In accordance with the terms of the agreement, CMS is not permitted to solicit alternative acquisition proposals.
If you own CMS Bancorp common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/cms-bancorp-cmsb.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 28 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
Logo - http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/investor-alert-levi--korsinsky-llp-launches-investigation-of-the-board-of-directors-of-cms-bancorp-inc-concerning-the-fairness-of-the-sale-of-the-company-to-putnam-county-savings-bank----cmsb-874192469.html
SOURCE Levi & Korsinsky, LLP
Copyright 2014 PR Newswire
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