Under the terms of the transaction, Accuride shareholders will receive only $2.58 in cash for each share of Accuride stock they own. In addition, Accuride has agreed to sell its Brillion Iron works subsidiary to a subsidiary of Metaldyne Performance Group Inc. The investigation concerns whether the Board of Accuride breached their fiduciary duties to shareholders and whether Crestview is underpaying for the Company. The transaction may undervalue the Company and would result is a loss for many long term holders of Accuride stock. For example, Accuride stock has sold as high as $15.88 per share and traded at $5.39 as recently as February 23, 2015.
If you own shares of Accuride stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1115-acw-accuride-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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