Edgen Group Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers
Taylor LLP Investigate Acquisition by Sumitomo Corporation
DALLAS -- October 1, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor LLP are
investigating the acquisition of Edgen Group, Inc. (“Edgen”) (NYSE: EDG) by
Sumitomo Corporation for shareholders. Under the terms of the proposed
transaction, Edgen shareholders will only receive $12.00 in cash for each
share of stock owned, well below at least one analyst’s estimated value of
$15.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit
or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC,
(214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
firstname.lastname@example.org. There is no cost or fee to you.
The Edgen sale investigation centers on whether Edgen’s shareholders are
receiving adequate compensation for their shares in the buyout, whether the
transaction undervalues Edgen’s stock, and whether Edgen’s board attempted to
obtain the highest share price for all shareholders prior to agreeing to the
deal. Notably, at least one analyst with Yahoo! Finance has estimated that the
true inherent value of Edgen stock could be as high as $15.00 per share.
The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zach Groover, 877-728-9607
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