WILMINGTON, Del., Oct. 8,
2013 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Edgen Group Inc. (NYSE: EDG)?
- Did you purchase any of your shares prior to October 1, 2013?
- 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 Edgen
Group Inc. ("Edgen" or the "Company") (NYSE: EDG) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
Sumitomo Corporation ("Sumitomo") in a transaction valued at
approximately $520 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/edgen-group-inc-edg.
Under the terms of the agreement, public shareholders of Edgen
will receive $12.00 per share in cash
for each share of Edgen they own.
The investigation concerns whether Edgen's board of directors
failed to adequately shop the Company and obtain the best possible
value for Edgen's shareholders before entering into an agreement
with Sumitomo. According to Yahoo! Finance, at least one
analyst has set a price target for Edgen stock at $15.00 per share.
If you own the common stock of Edgen and purchased your shares
before October 1, 2013, 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
Rigrodsky or Gina Serra at
Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300,
Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/
edgen-group-inc-edg.
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 Rigrodsky
Gina Serra
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.
