METALDYNE PERFORMANCE GROUP INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
November 03 2016 - 12:47PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Metaldyne
Performance Group Inc. (NYSE: MPG)?
- Did you purchase any of your shares
prior to November 3, 2016?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Metaldyne
Performance Group Inc. (“Metaldyne” or the “Company”) (NYSE: MPG)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by American Axle & Manufacturing Holdings, Inc.
(“AAM”) (NYSE: AXL), in a transaction valued at approximately $1.6
billion.
Click here to learn more:
http://rigrodskylong.com/investigations/metaldyne-performance-group-inc-mpg.
Under the terms of the agreement, shareholders of Metaldyne will
receive $13.50 in cash and 0.5 share of AAM common stock for each
share of Metaldyne common stock. Based on AAM’s closing stock price
on November 2, 2016, Metaldyne shareholders would have received
compensation valued at approximately $21.81 per share.
The investigation concerns whether Metaldyne’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Metaldyne shareholders before entering into an
agreement with AAM.
If you own the common stock of Metaldyne and purchased your
shares before November 3, 2016, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/metaldyne-performance-group-inc-mpg.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20161103006296/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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