NEW YORK, April 12, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of Global
Brass and Copper Holdings, Inc. ("BRSS" or the "Company") (NYSE:
BRSS) in connection with the proposed acquisition of the Company by
Wieland-Werke AG ("Wieland"). Under the terms of the
agreement, shareholders of BRSS will receive $44.00 in cash for each share they own.
If you own BRSS shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
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website
http://www.weisslawllp.com/global-brass-copper-holdings-inc/
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WeissLaw is investigating whether BRSS's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the transaction will enable Wieland to better serve its
global customers by providing them with long-term supply security.
Additionally, the Company reported positive financial results
for the fourth quarter and full year 2018. It announced
adjusted diluted earnings per common share of $0.56 in the fourth quarter, representing an
impressive growth of 87% year-over-year when compared to the
$0.30 reported in the same period of
the prior year. It also announced a 14% annual increase in
net income for 2018.
Given these facts, WeissLaw is concentrating its investigation
on whether BRSS's Board conducted a fair process in agreeing to the
proposed acquisition, whether the proposed acquisition undervalues
the Company, and whether all material information related to the
proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP