Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of
the Edgen Group Inc. Proposed Acquisition by Sumitomo Corporation
SAN DIEGO -- October 1, 2013
Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether
members of the Board of Directors of Edgen Group Inc. (NYSE: EDG) breached
their fiduciary duties in connection with the company’s proposed acquisition
by Sumitomo Corporation.
On September 25, 2013, Sumitomo Corporation announced that it had entered into
a definitive merger agreement to acquire Edgen for $12.00 a share.
The investigation will determine whether the Edgen Board of Directors breached
their fiduciary duties to stockholders by failing to satisfactorily shop the
Company before entering into the merger agreement. The $12.00 per share price
is well below one analyst’s target of $15.00.
If you are interested in learning more about the investigation or your legal
rights and remedies, please contact lead analyst Jim Baker
(firstname.lastname@example.org) at 619-230-0063.
Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law
firm. The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
Johnson & Weaver, LLP
Jim Baker, 619-230-0063 Ext. 118
Press spacebar to pause and continue. Press esc to stop.