The Rosen Law Firm, a global investor rights law firm, announces that it
is investigating the Board of Directors of Metalico Inc. (NYSE:MEA) for
possible breaches of fiduciary duty and other violations of law by
failing to adequately shop Metalico to maximize shareholder value before
agreeing to be acquired by Total Merchant Limited.
If you would like to join the action, go to the firm’s website at http://rosenlegal.com/cases-639.html
or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via
e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com. There
is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive
$0.60 in cash for each share of Metalico common stock they own. The
proposed transaction is valued at approximately $87 million. The
investigation relates to whether the proposal is fair to the public
shareholders of Metalico and whether Metalico’s Board breached its
fiduciary duties in connection with the proposed sale.
If you currently own shares of Metalico and wish to obtain additional
information, please visit the firm’s website at http://rosenlegal.com/cases-639.html.
You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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