MIGP Mercer Insurance Grp., Inc. (MM)

The Law Office of Abe Shainberg is investigating the Board of Directors of Mercer Insurance Group, Inc. (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 proposed 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.

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. 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 Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/mercer-migp.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.

Mercer Insurance (NASDAQ:MIGP)
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Mercer Insurance (NASDAQ:MIGP)
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