INVESTOR ALERT - Peoples Federal Bancshares, Inc.: The Law Offices of Vincent Wong Investigates the Sale of Peoples Federal Bancshares, Inc. to Independent Bank Corp. - PEOP

By PR Newswire,  August 14, 2014, 02:15:00 PM EDT

NEW YORK, Aug. 14, 2014 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Peoples Federal Bancshares, Inc. (NasdaqCM:PEOP) ("Peoples Federal") in connection with the sale of the Company to Independent Bank Corp. (Nasdaq:INDB).

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Under the terms of the transaction, 60% of Peoples Federal outstanding shares will be exchanged for Independent shares at a fixed ratio of 0.5523 per Peoples Federal share, with the remaining 40% exchanged for $21.00 per share in cash. The investigation concerns whether the Board of Peoples Federal breached their fiduciary duty to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Independent Bank Corp. is underpaying for Peoples Federal shares.

If you own common stock in Peoples Federal and wish to obtain additional information, please contact Vincent Wong, Esq. either via email, by telephone at 212.425.1140, or visit

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.  Attorney advertising. Prior results do not guarantee similar outcomes.


Vincent Wong, Esq.

39 East Broadway

Suite 304

New York, NY 10002

Tel. 212.425.1140

Fax. 866.699.3880


SOURCE The Law Offices of Vincent Wong

This article appears in: News Headlines

Referenced Stocks: INDB, PEOP

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