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SHAREHOLDER ALERT: WeissLaw LLP Investigates NRC Group Holdings Corp.

NEW YORK, June 24, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of NRC Group Holdings Corp. ("NRC Group" or the "Company") (NYSE American: NRCG) in connection with the proposed merger of the Company with US Ecology, Inc. (ECOL).  Under the terms of the agreement, US Ecology will form a new holding company named US Ecology, Inc.  NRC Group shareholders will receive 0.196 shares of the new holding Company for each NRCG share (a mere $12 per share), and own approximately 30% of the combined company on a fully diluted basis. 

If you own NRCG shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:

Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

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http://www.weisslawllp.com/nrc-group-holdings-corp/

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WeissLaw LLP (PRNewsfoto/WeissLaw LLP)

WeissLaw is investigating whether NRC Group's Board acted to maximize shareholder value prior to entering into the merger agreement.  As an Oil Spill Removal Organization ("OSRO") the NRC Group generates a recurring, compliance-driven revenue stream, with upside from spill events and international expansion, particularly in Mexico and Canada.  According to US Ecology, the deal will enhance shareholder value through improved financial profile and industry leading position. 

Notably, NRC Group has reported increased operating revenue for the fourth quarter and full year 2018, as well as the first quarter of 2019.  Given these facts, WeissLaw is concentrating its investigation on whether the merger enhances NRCG shareholder value.  Specifically, WeissLaw is concerned whether NRC Group's Board conducted a fair process in agreeing to the proposed merger, whether the proposed merger undervalues the Company, and whether all material information related to the proposed merger is fully and fairly disclosed. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com.

 

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