The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of Mercer Insurance Group, Inc. by United F...
December 01 2010 - 2:17PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors (the "Board") of Mercer Insurance
Group, Inc. ("Mercer Insurance" or the "Company") (NASDAQ: MIGP) in
connection with their efforts to sell Mercer Insurance to United
Fire & Casualty Company ("United Fire") (NASDAQ: UFCS). If the
transaction is completed, Mercer Insurance shareholders will
receive $28.25 in cash for each share of Mercer Insurance common
stock they hold. The transaction is expected to close at the end of
the first quarter of 2011.
Robbins Umeda LLP's investigation concerns whether Mercer
Insurance's Board undertook a fair process to obtain fair
consideration for all shareholders of Mercer Insurance.
Specifically, our investigation concerns whether members of the
Company's Board breached their fiduciary duties to Mercer Insurance
shareholders by failing to adequately shop the Company before
entering into the transaction with United Fire.
If you are a shareholder of Mercer Insurance, plan to continue
to hold your shares, and would like more information about your
rights as a shareholder, please contact attorney Gregory E. Del
Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
law firm's skilled litigation teams include former federal
prosecutors, former defense counsel from top multinational
corporate law firms, and career shareholder rights lawyers. Robbins
Umeda LLP has helped its clients realize more than $1 billion of
value for themselves and the companies in which they have invested.
For more information, please go to http://www.robbinsumeda.com.
Attorney Advertising. Past results do not guarantee a similar
outcome. We invite you to contact us today to discuss your
case.
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