Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Mercer Insurance Group, Inc., in Connecti...
02 Dezember 2010 - 2:18AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Mercer Insurance Group, Inc. (“Mercer” or the “Company”)
(NASDAQ:MIGP) related to the Company’s agreement to be acquired by
United Fire & Casualty Company. The proposed all-cash
transaction is valued at approximately $191 million.
Under the terms of the merger agreement entered into by the
parties, Mercer shareholders will receive $28.25 in cash for each
share they own of the Company’s common stock. The board of
directors of Mercer unanimously approved the merger. The proposed
transaction is expected to close at the end of the first quarter of
2011. The investigation concerns possible breaches of fiduciary
duty and other violations of law related to approval of the
proposed transaction by Mercer’s board of directors.
If you are a shareholder of Mercer, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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