Levi & Korsinsky is investigating the Board of Directors of Central
Bancorp Inc. (“Central Bancorp” or the “Company”) (Nasdaq: CEBK) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Independent Bank Corp.
(“Independent”) (Nasdaq: INDB). Under the terms of the agreement, 60% of
outstanding Central Bancorp shares will be exchanged for shares of
Independent at an exchange ratio subject to limited adjustment, and 40%
of outstanding Central Bancorp shares will be purchased for $32.00 per
share in cash. Based upon Independent’s $28.67 per share closing price
on April 27, 2012 the transaction is valued at approximately $54.8
Click here to learn how to join the action: http://www.zlk.com/central-bancorp-cebk,
or call: 877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the Central Bancorp Board of
Directors breached their fiduciary duties to Central Bancorp
stockholders by failing to adequately shop the Company before entering
into this transaction and whether Independent is underpaying for Central
Bancorp shares, thus unlawfully harming Central Bancorp stockholders.
If you own common stock in Central Bancorp and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. The
attorneys at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully
recovered multimillion-dollar damages awards on behalf of investors. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee