NEW YORK, June 16, 2015 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of Metalico, Inc.
("Metalico" or the "Company") (NYSE: MEA) (ISIN: US5911761022)
(CUSIP: 591176102) concerning the proposed acquisition of Metalico
by Total Merchant Limited.
Metalico shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 9980.
The investigation concerns whether the Metalico directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
proposed transaction, Metalico shareholders will receive
$0.60 per share in cash for each
share of Metalico common stock. However, the $0.60 per share offer price is below a recent
analyst target price of $1.00 per
share.
Pomerantz LLP, with offices in New
York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz LLP pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz LLP continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate
misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See
www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 9980
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP