NEW YORK, Oct. 9, 2013 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Edgen Group Inc. (EDG) ("Edgen") regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sumitomo Corporation.
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Under the terms of the transaction, Edgen shareholders will receive $12.00 for each share of Edgen stock they own. The transaction has a total approximate value of $520 million. The investigation concerns whether the Edgen Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for Edgen shareholders. In particular, at least one analyst set a price target of $15.00 per share of Edgen stock.
If you own common stock in Edgen and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://wongesq.9nl.me/edgen-edg/.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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