|[October 01, 2013]
Edgen Group Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Acquisition by Sumitomo Corporation
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating the acquisition of Edgen Group, Inc.
("Edgen") (NYSE: EDG) by Sumitomo Corporation for shareholders. Under
the terms of the proposed transaction, Edgen shareholders will only
receive $12.00 in cash for each share of stock owned, well below at
least one analyst's estimated value of $15.00 per share.
If you are an affected invstor, and you want to learn more about the
lawsuit or join the action, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The Edgen sale investigation centers on whether Edgen's shareholders are
receiving adequate compensation for their shares in the buyout, whether
the transaction undervalues Edgen's stock, and whether Edgen's board
attempted to obtain the highest share price for all shareholders prior
to agreeing to the deal. Notably, at least one analyst with Yahoo!
Finance has estimated that the true inherent value of Edgen stock could
be as high as $15.00 per share.
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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