The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Harleysville Group, Inc.
30 Septiembre 2011 - 3:23PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the acquisition of Harleysville Group Inc.
(“Harleysville Group” or “HGIC”) (NASDAQ: HGIC) by Nationwide
Mutual Insurance Company for Harleysville Group shareholders. Under
the proposed buyout, Harleysville Group shareholders will receive
only $60.00 in cash for each share of Harleysville Group/HGIC stock
owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive acquisition agreement involves an all cash
transaction valued at approximately $1.63 billion. The transaction
is expected to be completed in early 2012.
“We are investigating the fairness of the proposed transaction
to Harleysville Group shareholders, whether the shareholders are
being underpaid for their stock, and whether Harleysville Group’s
Board of Directors acted in the shareholders’ best interest,” said
shareholder rights attorney Willie Briscoe. “In particular, one of
the key inquires in our investigation is whether the company
conducted a fair and adequate process to determine the best price
for the shareholders before agreeing to the acquisition terms. Our
investigation will seek to obtain the highest share price for all
shareholders,” said Willie Briscoe.
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.
Harleysville (NASDAQ:HGIC)
Gráfica de Acción Histórica
De Sep 2024 a Oct 2024
Harleysville (NASDAQ:HGIC)
Gráfica de Acción Histórica
De Oct 2023 a Oct 2024
Real-Time news about Harleysville Grp. Inc. (MM) (NASDAQ): 0 recent articles
Más de Powers Taylor, LLP Artículos de Noticias