The Law Offices of Vincent Wong Announce an Investigation of Penn Millers Holding Corporation
13 September 2011 - 12:44AM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Penn Millers Holding Corporation (NASDAQ: PMIC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to a subsidiary of
ACE Limited (NYSE: ACE). Under the terms of the deal, Penn Millers
shareholders will receive $20.50 in cash per share. The transaction
has a total value of approximately $107 million.
To get more information and join the action, click here:
http://www.wongesq.com/penn-millers.html.
The investigation concerns whether the Penn Millers Board of
Directors breached their fiduciary duties to Penn Millers
stockholders by failing to adequately shop the Company before
entering into this transaction and whether ACE Limited is
underpaying for Penn Millers shares.
If you own common stock in Penn Millers and wish to obtain
additional information, please contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/penn-millers.html.
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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