Wolf Haldenstein Announces Investigation of Metals USA Holdings Corp
NEW YORK--(BUSINESS WIRE)-- Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Metals USA Holdings Corp ("Metals USA" or the "Company") [NYSE: MUSA] arising out of the proposed acquisition of Metals USA by Reliance Steel & Aluminum Co ("Reliance").
On Wednesday, February 6, 2013, Metals USA and Reliance announced that Reliance will acquire Metals USA pursuant to an Agreement and Plan of Merger under which Metals USA stockholders will receive cash of $20.65 in exchange for each share of Metals USA common stock. However, the Company may not have adequately shopped itself before entering into this transaction and, pursuant to this proposed transaction, Reliance may be underpaying for Metals USA, thus unlawfully harming Metals USA shareholders.
Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.
If you own Metals USA common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Gregory Nespole or Derek Behnke
Wolf Haldenstein Adler Freeman
& Herz LLP
270 Madison Avenue
New York, New York 10016
Phone Numbers: (800) 575-0735
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
KEYWORDS: United States North America New York
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