Kendall Law Group Investigates Mercer Insurance Group, Inc. Acquisition for Shareholders
01 Dezembro 2010 - 12:43PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Mercer Insurance Group, Inc. (NASDAQ: MIGP) for
shareholders in connection with the proposed acquisition by United
Fire & Casualty Company. The national securities firm’s
investigation seeks to determine whether Mercer Insurance Group and
its Board breached their fiduciary duties by entering into the
agreement without properly shopping for a deal that would provide
better value for shareholders. If you are a Mercer Insurance Group
shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at skendall@kendalllawgroup.com.
On November 30, 2010, the companies announced the definitive
merger agreement under which Mercer Insurance Group would be
acquired by United Fire & Casualty, in a transaction valued at
approximately $191 million. Under the terms of the agreement,
Mercer Insurance Group stockholders will receive $28.25 in cash for
each share of Mercer Insurance Group/MIGP common stock held. The
firm’s investigation seeks to determine whether Mercer Insurance
Group and its Board negotiated a deal that provides the best value
available to shareholders.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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