EDGEN GROUP INC. INVESTOR ALERT: Levi & Korsinsky, LLP Investigates Possible
Breaches of Fiduciary Duty by Board of Edgen Group Inc. in Connection with
Sale of Company to Sumitomo Corporation
NEW YORK -- October 1, 2013
Levi & Korsinsky is investigating the Board of Directors of Edgen Group Inc.
(“Edgen” or the “Company”) (NYSE:EDG) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of the Company
to Sumitomo Corporation.
Click here to learn more about the investigation
http://zlk.9nl.com/edgen-group-edg/, or call: 877-363-5972. There is no cost
or obligation to you.
Under the terms of the transaction, Edgen shareholders will receive $12.00 for
each share of Edgen stock they own. The transaction has a total approximate
value of $520 million. The investigation concerns whether the Edgen Board of
Directors breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this transaction,
and whether Sumitomo Corporation is underpaying for Edgen shares. In
particular, at least one analyst set a price target of $15.00 per share of
If you own Edgen common stock and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at email@example.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys listed
below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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