WILMINGTON, Del., June 17, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Metalico, Inc. (NYSE MKT: MEA)?
- Did you purchase any of your shares prior to June 16, 2015?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Metalico, Inc. ("Metalico" or the "Company") (NYSE MKT: MEA) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Total Merchant Limited ("Total Merchant"), in a transaction valued at approximately $87 million.
Click here to learn more: http://rigrodskylong.com/investigations/metalico-inc-mea.
Under the terms of the agreement, shareholders of Metalico will receive $0.60 in cash for each share of Metalico they own.
The investigation concerns whether Metalico's board of directors failed to adequately shop the Company and obtain the best possible value for Metalico's shareholders before entering into an agreement with Total Merchant. According to Yahoo! Finance, at least one analyst has issued a price target for Metalico stock at $1.00 per share.
If you own the common stock of Metalico and purchased your shares before June 16, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/metalico-inc-mea.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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SOURCE Rigrodsky & Long, P.A.