Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of Paramount Gold and Silver Corp. (“Paramount”) (NYSE MKT:
PZG) concerning the sale to Coeur Mining, Inc. (NYSE:CDE). Under the
terms of the agreement, Paramount shareholders will receive 0.2016
shares of CDE for each Paramount share owned. Based on the closing price
of CDE before the deal was announced, the consideration for Paramount
shareholders is valued at approximately $0.90. This consideration is
significantly lower than the 52-week high of $1.48. Shareholders will
also receive a pro rate portion of shares of Spinco, Paramount’s newly
formed company which is expected to apply for listing on NYSE MKT or the
Toronto Stock Exchange.
If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be
helpful to our investigation of the fairness of the proposed
transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at shareholder@powerstaylor.com.
There is no cost or fee to you.
The investigation centers on whether Paramount’s Board of Directors is
acting in the shareholders’ best interests, whether the board considered
alternatives to the acquisition, and whether the board has employed an
adequate process to review and act on the proposed transaction.
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.
Copyright Business Wire 2014