Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of Ryerson, Inc. - RYI
July 24 2007 - 3:06PM
PR Newswire (US)
LITTLE ROCK, Ark., July 24 /PRNewswire/ -- Cauley Bowman Carney
& Williams, PLLC announces an investigation into the proposed
acquisition of Ryerson, Inc. On July 24, 2007, Ryerson announced
that it had received a buyout offer from Platinum Equity, a private
equity firm. Under the terms of the proposal, Ryerson shareholders
would receive $34.50 per share in cash for each share owned. This
price per share represents a 1.6% discount over the stock's closing
price of $35.07 prior to announcement of the merger. After the
announcement, the company's stock price fell over 3% in the first
day of trading. If the proposed merger is completed, Ryerson will
no longer be a publicly traded company. Cauley Bowman Carney &
Williams, PLLC Cauley Bowman is a national law firm that represents
investors in securities fraud and corporate governance class
actions. It is one of the country's premier firms in the area of
securities fraud having recovered billions of dollars for defrauded
investors and secured significant corporate governance reforms.
Cauley Bowman maintains in-house finance, forensic accounting
specialists and extensive trial experience. If you are a current
shareholder of Ryerson, Inc. and would like to be advised of your
rights in this matter, you may contact Cauley Bowman Carney &
Williams, PLLC at the phone number below. CONTACT Darrin L.
Williams, Esq. Randall K. Pulliam, Esq. 1-888-551-9944 DATASOURCE:
Cauley Bowman Carney & Williams, PLLC CONTACT: Kristi Gray of
Cauley Bowman Carney & Williams, PLLC, +1-501-312-8500 Web
site: http://www.cauleybowman.com/
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