Edgen Group Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Sumitomo Corporation
October 01, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Edgen Group Inc. (“Edgen Group” or the “Company”) (NYSE: EDG) breached its fiduciary duty to its shareholders in agreeing to sell Edgen Group to Sumitomo Corporation.
Under the terms of the agreement, Edgen Group shareholders will receive $12.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Edgen Group shareholders and the process by which the Edgen Group Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.