NEW YORK, June 6, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of New England
Bancshares, Inc. ("New England Bancshares" or the "Company")
(Nasdaq: NEBS) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to United Financial Bancorp, Inc. (Nasdaq: UBNK).
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Click here to learn how to join the action:
http://zlk.9nl.com/new-england-bancshares-nebs, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, New England Bancshares
shareholders will receive 0.9575 of a share of United Financial
Bancorp, Inc. common stock for each share of New England Bancshares
stock they own, representing a value of approximately $15.49 per share. The transaction has an
approximate total value of $91.0
million. The investigation concerns whether the New
England Bancshares Board of Directors breached their fiduciary
duties to New England Bancshares stockholders by failing to
adequately shop the Company before entering into this transaction
and whether United Financial Bancorp, Inc. is underpaying for New
England Bancshares shares, thus unlawfully harming New England
Bancshares stockholders.
If you own common stock in New England Bancshares 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 http://zlk.9nl.com/new-england-bancshares-nebs.
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 similar outcomes.
CONTACT:
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: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
