NEW YORK--(EON: Enhanced Online News)--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 email@example.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.