SAN DIEGO, April 10, 2019 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Global Brass and Copper Holdings, Inc.
(NYSE: BRSS) ("Global Brass and Copper") breached their fiduciary
duties in connection with the proposed sale of the Company to
Wieland-Werke AG.
On April 10, 2019, Global Brass
and Copper announced that it had signed a definitive merger
agreement with Wieland-Werke. Under the terms of the merger
agreement, Wieland-Werke will acquire all of the outstanding shares
of Global Brass and Copper in an all-cash transaction. Global Brass
and Copper shareholders will receive $44.00 per share in cash.
The investigation concerns whether the Global Brass and Copper
board failed to satisfy its duties to the Company shareholders,
including whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Global Brass and Copper shares of common stock.
If you are a shareholder of Global Brass and Copper
and believe the proposed buyout price is too low or you're
interested in learning more about the investigation or your legal
rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at
619-814-4471. If emailing, please include a
phone number.
Additionally, you can [Click here to join this action].
There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP