INVESTOR ALERT: The Law Offices of Vincent Wong Investigates the Sale of Edgen Group Inc. to Sumitomo Corporation -- EDG
October 03 2013 - 7:19PM
Business Wire
The Law Offices of Vincent Wong are investigating potential
claims against the Board of Directors of Edgen Group Inc.
(Nasdaq:EDG) (“Edgen”) regarding possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to Sumitomo Corporation.
Under the terms of the transaction, Edgen shareholders will
receive $12.00 for each share of Edgen stock they own. The
transaction has a total approximate value of $520 million. The
investigation concerns whether the Edgen Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company to obtain the best possible value for
Edgen shareholders. In particular, at least one analyst set a price
target of $15.00 per share of Edgen stock.
If you own common stock in Edgen and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://wongesq.9nl.me/edgen-edg/.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
The Law Offices of Vincent WongVincent Wong, Esq.,
212-425-1140Fax. 866-699-3880vw@wongesq.com
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