| SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Metalico, Inc. And Encourages Investors To Contact The Firm For Additional Information | |
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STEVENSON, Md., June 18, 2015 /PRNewswire/ -- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Metalico, Inc. ("Metalico" or the "Company") (NYSE MKT: MEA) relating to the proposed buyout of the Company by Total Mercant Limited in a transaction valued at approximately $87 million. Under the terms of the transaction, Metalico shareholders are anticipated to receive $0.60 in cash for each share of Metalico common stock held. The transaction may undervalue Metalico and may result in a substantial loss for many shareholders. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Metalico stock at $1.00 per share. The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock. If you currently own common stock of Metalico and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. CONTACT: Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616 hoffman@browerpiven.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-brower-piven-commences-an-investigation-into-the-proposed-sale-of-metalico-inc-and-encourages-investors-to-contact-the-firm-for-additional-information-300101824.html
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Metalico Inc.
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CODE : MEA |
ISIN : US5911761022 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Metalico est une société basée aux Etats-Unis D'Amerique. Metalico est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 81,2 millions US$ (71,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 23 novembre 2007 à 9,96 US$, et son plus bas niveau récent le 16 janvier 2015 à 0,26 US$. Metalico possède 136 490 000 actions en circulation. |