NEW YORK, Oct. 2, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Ash Grove Cement Co. ("ASHG" or the "Company") (OTC: ASHG) in connection with the proposed acquisition of the Company by CRH, Plc ("CRH"). On September 20, 2017, the Company announced the signing of a definitive agreement under which terms CRH will acquire all outstanding shares of ASHG in a transaction valued at approximately $3.5 billion.
WeissLaw is investigating whether ASHG's Board acted to maximize shareholder value prior to entering into the agreement. Notably, prior to the announcement, Seeking Alpha published an article explaining why it believed the Company was being undervalued. It listed numerous contributing factors, including:
- The steady and rising demand for cement, which is expected to exceed production by 2018 or 2019 due to predicted increases in the construction industry, including anticipated increases in infrastructure spending;
- The Company's market share, namely that it is a major player in four major growth regions; and
- The recent "explosive growth" ASHG has seen in its operating earnings.
Given these facts, WeissLaw is investigating whether ASHG's Board acted in the best interests of ASHG's public shareholders to maximize shareholder value prior to entering into the agreement. If you own ASHG shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at email@example.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org or fill out the form on our website, http://www.weisslawllp.com/ash-grove-cement-co/
SOURCE WeissLaw LLP