Ryan & Maniskas, LLP Announces Investigation of Edgen Group Inc.

Oct 02, 2013, 11:24 ET from Ryan & Maniskas, LLP

WAYNE, Pa., Oct. 2, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Edgen Group Inc. ("Edgen" or the "Company") (NYSE: EDG) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Japan's Sumitomo Corporation in a cash deal valued at approximately $520 million.

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If you own shares of Edgen and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/edg.  You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com

Under the terms of the proposed transaction, Edgen's stockholders will receive $12.00 for each share of Edgen common stock they own.

Our investigation concerns possible breaches of fiduciary duty and other violations of state law by Edgen's Board of Directors for not acting in the Company's shareholders' best interests in connection with the sale process. 

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.  To learn more about the class action process, please visit: www.rmclasslaw.com.

CONTACT:    Ryan & Maniskas, LLP                       Richard A. Maniskas, Esquire                       995 Old Eagle School Rd., Suite 311                       Wayne, PA 19087                       877-316-3218                       www.rmclasslaw.com/cases/edg                        rmaniskas@rmclasslaw.com

SOURCE Ryan & Maniskas, LLP