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 Revett Mining Company, Inc. (“Revett”) (NYSE: RVM)
concerning the acquisition by Hecla Mining (NYSE: HL). Under the terms
of the agreement, valued at approximately $20 million, Revett
shareholders will only receive 0.1622 HL stock for each RVM share owned.
Based on the closing price of both stocks before the deal was announced,
the consideration is valued at $0.52 and is significantly lower than the
52-week high of Revett.
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 via
email at WBriscoe@TheBriscoeLawFirm.com,
Patrick Powers at Powers Taylor LLP via e-mail at shareholder@powerstaylor.com
or by calling toll free at (877) 728-9607. There is no cost or fee to
you.
The investigation centers on whether Revett’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
transaction is expected to close late in the second quarter of 2015.
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 2015