Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Ready Mix Inc.

Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Ready Mix Inc. - RMX

Levi & Korsinsky is investigating the Board of Directors of Ready Mix Inc. (“Ready Mix” or the “Company”) (AMEX: RMX) for possible breaches of fiduciary duty and other violations of state law in connection with entering into an Asset Purchase Agreement pursuant to which the Company will sell substantially all of its assets comprising its ready-mix concrete business to Skanon for a purchase price of $9,750,000 in cash, subject to certain adjustments. Skanon also will assume certain of the Company's liabilities and Ready Mix will retain certain assets, including the Company's office building, as well as certain liabilities. Meadow Valley Parent Corp., the beneficial holder of approximately 69% of the outstanding shares of common stock of Ready Mix, has agreed to vote in favor of the Asset Purchase Agreement.

The investigation concerns whether the Ready Mix Board of Directors breached their fiduciary duties to Ready Mix stockholders by failing to adequately shop the Company before entering into the Asset Purchase Agreement and whether the Asset Purchase Agreement is fair to the Company and its shareholders.

If you are a current holder of Ready Mix and would like additional information, please contact us at the number listed below or visit http://www.zlk.com/rmx1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Ready Mix (AMEX:RMX)
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