BOCA RATON, Fla., March 12, 2008 (PRIME NEWSWIRE) -- Vianale & Vianale LLP, a law firm representing investors and shareholders, is investigating the proposed acquisition of MassBank Corp. (Nasdaq:MASB) by Eastern Bank Corp. Visit our website at www.vianalelaw.com.
On March 10, 2008, MassBank and Eastern Bank jointly announced that they had signed a definitive agreement allowing Eastern Bank to acquire MassBank for about $170 million in cash. MassBank shareholders are to receive $40.00 for each MassBank share they own. This price per share represents a 5.3% premium over the stock's closing price of $38.00 before MassBank publicly announced the acquisition.
If you are a current shareholder of MassBank and would like to discuss your rights in connection with this acquisition, you may contact Vianale & Vianale LLP by telephone or email.