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. (NASDAQ-GS: 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
Visit our
website
http://www.weisslawllp.com/nrc-group-holdings-corp/
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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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SOURCE WeissLaw LLP