SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of HCC Insurance Holdings, Inc. - HCC
Jun 10, 2015, 12:00 ET
NEW YORK, June 10, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of HCC Insurance Holdings, Inc. ("HCC" or the "Company") (NYSE: HCC) (ISIN: US4041321021) (CUSIP: 404132102) concerning the proposed acquisition of HCC by Tokio Marine & Nichido Fire Insurance Co., Ltd.
HCC shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at [email protected] or 212-661-1100 or 888-476-6529, ext. 9980.
The investigation concerns whether the HCC directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed transaction, HCC shareholders will receive $78.00 per share in cash for each share of HCC common stock. However, the directors may have been conflicted as certain members of the management team are expected to stay on with the new company. Additionally, synergies may not be reflected in the offer price.
Pomerantz LLP, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 9980
SOURCE Pomerantz LLP
Share this article