SAN DIEGO, July 8, 2020 /PRNewswire/ --
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of National General Holdings Corporation ("National General" or the "Company") (NASDAQ: NGHC) breached their fiduciary duties in connection with the proposed sale of the Company to Allstate Corporation (NYSE: ALL).
On July 7, 2020, National General announced that it had entered into a definitive merger agreement with Allstate. Under the terms of the merger agreement, National General's shareholders will receive $32 per share in cash and closing dividends of $2.50 per share for each share held.
The investigation concerns whether the National General 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 National General shares of common stock.
If you are a shareholder of National General and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) 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.
SOURCE Johnson Fistel, LLP