SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Edgen Group Inc. Buyout
WILMINGTON, Del., Oct. 8, 2013 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Edgen Group Inc. (NYSE: EDG)?
- Did you purchase any of your shares prior to October 1, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Edgen Group Inc. ("Edgen" or the "Company") (NYSE: EDG) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Sumitomo Corporation ("Sumitomo") in a transaction valued at approximately $520 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/edgen-group-inc-edg.
Under the terms of the agreement, public shareholders of Edgen will receive $12.00 per share in cash for each share of Edgen they own.
The investigation concerns whether Edgen's board of directors failed to adequately shop the Company and obtain the best possible value for Edgen's shareholders before entering into an agreement with Sumitomo. According to Yahoo! Finance, at least one analyst has set a price target for Edgen stock at $15.00 per share.
If you own the common stock of Edgen and purchased your shares before October 1, 2013, 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 Seth Rigrodsky or Gina Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/ edgen-group-inc-edg.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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SOURCE Rigrodsky & Long, P.A.