NEW YORK, April 25, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Fairmount Santrol
Holdings Inc. ("FMSA" or the "Company") (NYSE: FMSA) in connection
with the proposed acquisition of FMSA by SCR-Sibelco NV subsidiary
Unimin Corporation ("Unimin"). Under the terms of
the agreement, the Company's shareholders, including equity award
holders, will receive $170 million in cash, or
approximately $0.74 per share based on Fairmount's current diluted share count.
WeissLaw is investigating whether FMSA's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at the close of the transaction, FMSA shareholders will
own a meager 35% of the combined company.
Given these facts, WeissLaw is investigating whether FMSA's
Board acted in the best interests of FMSA's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own FMSA shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
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 or fill out the form
on our website,
http://www.weisslawllp.com/fairmount-santrol-holdings-inc/
View original
content:http://www.prnewswire.com/news-releases/weisslaw-llp-fairmount-santrol-holdings-inc-acquisition-may-not-be-in-the-best-interests-of-fmsa-shareholders-300636778.html
SOURCE WeissLaw LLP