PARAMOUNT GOLD AND SILVER CORP. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Sale to...
December 17 2014 - 11:16AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Paramount Gold and Silver Corp. (“Paramount”) (NYSE
MKT: PZG) concerning the sale to Coeur Mining, Inc. (NYSE:CDE).
Under the terms of the agreement, Paramount shareholders will
receive 0.2016 shares of CDE for each Paramount share owned. Based
on the closing price of CDE before the deal was announced, the
consideration for Paramount shareholders is valued at approximately
$0.90. This consideration is significantly lower than the 52-week
high of $1.48. Shareholders will also receive a pro rate portion of
shares of Spinco, Paramount’s newly formed company which is
expected to apply for listing on NYSE MKT or the Toronto Stock
Exchange.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor
LLP, toll free (877) 728-9607, via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
The investigation centers on whether Paramount’s Board of
Directors is acting in the shareholders’ best interests, whether
the board considered alternatives to the acquisition, and whether
the board has employed an adequate process to review and act on the
proposed transaction.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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