EDGEN SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of
Edgen Group Inc. (EDG) Over the Proposed Sale of the Company to Sumitomo
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Edgen Group Inc.
NEW YORK -- October 4, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating the Board of
Directors of Edgen Group Inc. (“Edgen” or the “Company”) (NYSE: EDG) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Japan’s Sumitomo Corporation in a cash
deal valued at approximately $520 million. Under the terms of the proposed
transaction, Edgen’s stockholders will receive $12.00 for each share of Edgen
common stock they own. Meanwhile, According to Yahoo! Finance, at least one
analyst has set a price target of $15.00 for the Company.
Request more information now by clicking here: www.faruqilaw.com/EDG. There is
no cost or obligation to you.
The investigation focuses on whether Edgen’s Board of Directors breached their
fiduciary duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether and by how much this proposed transaction undervalues the
Company to the detriment of Edgen’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients.
If you own common stock in Edgen and wish to obtain additional information and
protect your investments free of charge, please visit us at
www.faruqilaw.com/EDG or contact Juan E. Monteverde, Esq. either via e-mail at
firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible
for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior
results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Press spacebar to pause and continue. Press esc to stop.