Edgen Group Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate
Edgen Group Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Acquisition by Sumitomo Corporation
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating the acquisition of Edgen Group, Inc. ("Edgen") (NYS: EDG) by Sumitomo Corporation for shareholders. Under the terms of the proposed transaction, Edgen shareholders will only receive $12.00 in cash for each share of stock owned, well below at least one analyst's estimated value of $15.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com. There is no cost or fee to you.
The Edgen sale investigation centers on whether Edgen's shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Edgen's stock, and whether Edgen's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, at least one analyst with Yahoo! Finance has estimated that the true inherent value of Edgen stock could be as high as $15.00 per share.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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