NEW YORK--(BUSINESS WIRE)--
Kirby McInerney LLP is investigating potential claims against the Board
of Directors of Eastern Insurance Holdings, Inc. (“Eastern” or the
“Company”) (NASDAQ: EIHI) concerning the proposed acquisition of the
Company by ProAssurance Corporation. Under the terms of the proposed
transaction, Eastern stockholders will receive $24.50 in cash for each
share of Eastern owned, valuing the transaction at approximately $205
million.
The investigation concerns whether Eastern’s Board of Directors violated
its fiduciary duties by agreeing to this transaction and whether the
proposed consideration adequately values Eastern’s common shares.
If you are a shareholder of Eastern and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com,
by telephone at (212) 699-1145 or (888) 529-4787, or by filling
out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in
securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to www.kmllp.com.
Kirby McInerney LLP
J. Brandon Walker, Esq., 212-699-1145 or
888-529-4787
bwalker@kmllp.com
Source: Kirby McInerney LLP