NEW YORK, Oct. 11, 2013 /PRNewswire/ -- Juan E.
Monteverde, a partner at Faruqi & Faruqi, LLP, a leading
national securities firm headquartered in New York City, is investigating the Board of
Directors of Edgen Group Inc. ("Edgen" or the "Company") (NYSE:
EDG) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Japan's Sumitomo Corporation in a cash deal
valued at approximately $520
million. Under the terms of the proposed transaction,
Edgen's stockholders will receive $12.00 for each share of Edgen common stock they
own. Meanwhile, According to Yahoo! Finance, at least one analyst
has set a price target of $15.00 for
the Company.
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Request more information now by clicking here:
www.faruqilaw.com/EDG. There is no cost or obligation to
you.
The investigation focuses on whether Edgen's Board of Directors
breached their fiduciary duties to the Company's stockholders by
failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Edgen's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients.
If you own common stock in Edgen and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/EDG or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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matter. We are happy to discuss your particular case.
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