Ryan & Maniskas, LLP Announces Investigation of Penn Millers Holding Corporation
09 Septiembre 2011 - 9:34AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/pmic) is
investigating potential claims against the board of directors of
Penn Millers Holding Corporation ("Penn Millers" or the "Company")
(NASDAQ: PMIC) concerning possible breaches of fiduciary duty and
other violations of law related to the Company’s efforts to sell
Penn Millers to a subsidiary of ACE Limited in a transaction valued
at approximately $107 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Penn Millers. For more information
regarding our investigation, please contact Ryan & Maniskas,
LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or
by email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/pmic.
Under the terms of the definitive agreement, Penn Millers
shareholders will receive $20.50 in cash for each share of Penn
Millers common stock they own.
If you own shares of Penn Millers and would like to learn more
about these claims or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/pmic. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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