Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Mercer Insurance Group, Inc. (“Mercer” or the “Company”) (NASDAQ:MIGP) related to the Company’s agreement to be acquired by United Fire & Casualty Company. The proposed all-cash transaction is valued at approximately $191 million.

Under the terms of the merger agreement entered into by the parties, Mercer shareholders will receive $28.25 in cash for each share they own of the Company’s common stock. The board of directors of Mercer unanimously approved the merger. The proposed transaction is expected to close at the end of the first quarter of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Mercer’s board of directors.

If you are a shareholder of Mercer, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Mercer Insurance (NASDAQ:MIGP)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Mercer Insurance Charts.
Mercer Insurance (NASDAQ:MIGP)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Mercer Insurance Charts.