SAN DIEGO, April 10, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Global Brass and Copper Holdings, Inc. (NYSE: BRSS) ("Global Brass and Copper") breached their fiduciary duties in connection with the proposed sale of the Company to Wieland-Werke AG.
On April 10, 2019, Global Brass and Copper announced that it had signed a definitive merger agreement with Wieland-Werke. Under the terms of the merger agreement, Wieland-Werke will acquire all of the outstanding shares of Global Brass and Copper in an all-cash transaction. Global Brass and Copper shareholders will receive $44.00 per share in cash.
The investigation concerns whether the Global Brass and Copper board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Global Brass and Copper shares of common stock.
If you are a shareholder of Global Brass and Copper and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
SOURCE Johnson Fistel, LLP