INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of Centrix Bank & Trust Buyout Proposal
SMITHTOWN, NY, March 6, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of Centrix Bank & Trust (“Centrix”) (OTC QB: CXBT) for possible breaches of fiduciary duties and other violations of law in connection with Centrix’s agreement to be acquired by Eastern Bank Corporation (“Eastern”).
Under the terms of the proposal, public stockholders of Centrix would receive $41.00 cash for each share of Centrix they own.
The investigation concerns whether Centrix’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Centrix’s stockholders would be fair and adequate, and whether Centrix is acting in its stockholders’ best interests.