SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Edgen
Group Inc. Buyout
WILMINGTON, Del., Oct. 8, 2013
WILMINGTON, Del., Oct.8, 2013 /PRNewswire/ -- Rigrodsky & Long, P.A.:
oDo you own shares of Edgen Group Inc. (NYSE: EDG)?
oDid you purchase any of your shares prior to October 1, 2013?
oDo you think the proposed buyout price is too low?
oDo you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Edgen Group Inc. ("Edgen" or the
"Company") (NYSE: EDG) regarding possible breaches of fiduciary duties and
other violations of law related to the Company's entry into an agreement to be
acquired by Sumitomo Corporation ("Sumitomo") in a transaction valued at
approximately $520 million.
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Under the terms of the agreement, public shareholders of Edgen will receive
$12.00 per share in cash for each share of Edgen they own.
The investigation concerns whether Edgen's board of directors failed to
adequately shop the Company and obtain the best possible value for Edgen's
shareholders before entering into an agreement with Sumitomo. According to
Yahoo! Finance, at least one analyst has set a price target for Edgen stock at
$15.00 per share.
If you own the common stock of Edgen and purchased your shares before October
1, 2013, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth Rigrodsky or Gina Serra at Rigrodsky & Long,
P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Fax: (302) 654-7530
SOURCE Rigrodsky & Long, P.A.
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