METALICO SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Metalico, Inc. (MEA) Over the Proposed Sale of the Company to Total Merchant Limited
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Metalico, Inc.
Jun 16, 2015, 10:26 ET
NEW YORK, June 16, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Metalico, Inc. ("Metalico" or the "Company") (NYSE MKT: MEA) for potential breaches of fiduciary duties in connection with the sale of the Company to Total Merchant Limited for approximately $87 million in cash. The Company's stockholders will only receive $0.60 for each share of Metalico common stock they own. This consideration is far lower than both certain analyst opinions for the Company's price target, and historical trading values over the past year which reached as high as $1.67.
Click here for more information: www.faruqilaw.com/MEA. There is no cost or obligation to you.
The investigation focuses on whether Metalico's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Metalico's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Metalico and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MEA or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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