The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
01 Diciembre 2010 - 9:49AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Mercer Insurance Group, Inc. (“Mercer Insurance” or the “Company”)
(NasdaqGM: MIGP) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to United Fire & Casualty Company (“United Fire”)
(NasdaqGS: UFCS). Under the terms of the transaction, Mercer
Insurance shareholders will receive $28.25 per share in cash for
each share they own for a total transaction value of approximately
$191 million.
Click here to learn how to join the action:
http://www.zlk.com/mercer-insurance-migp.html, or call:
877-363-5972.
The investigation concerns whether the Mercer Insurance Board of
Directors breached their fiduciary duties to Mercer Insurance
stockholders by failing to adequately shop the Company before
entering into this transaction and whether United Fire is
underpaying for Mercer Insurance shares, thus unlawfully harming
Mercer Insurance stockholders. For the most recent quarter, the
Company reported a book value of $28.56 per share.
If you own common stock in Mercer Insurance and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/mercer-insurance-migp.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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