InPlay - EDGEN GROUP INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors
of Claims of Breaches of Fiduciary Duty by Board of Edgen Group Inc. in
Connection With Sale of Company to Sumitomo Corporation -- EDG
NEW YORK, Oct. 17, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies
investors of Edgen Group Inc. ("Edgen" or the "Company") (NYSE:EDG) of claims
of breaches of fiduciary duty and other violations of state law against the
board of directors of the Company in connection with the sale of the Company
to Sumitomo Corporation. A complaint was filed in Louisiana District Court.
Click here to learn more about the case 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 claims concern 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 Edgen.
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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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