NEW YORK, June 5, 2020 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the board of directors of Mobile Mini, Inc.
("MINI" or the "Company") (NASDAQ: MINI) in connection with the
proposed acquisition of the Company by WillScot Corporation ("WSC")
(NASDAQ: WSC). Under the terms of the acquisition agreement,
MINI shareholders will receive 2.4050 shares of WSC for each share
of MINI they own, representing implied per share merger
consideration of $36.03 based on
MINI's June 4, 2020 closing price of
$14.98.
If you own MINI shares and wish to discuss this investigation
or have any questions concerning this notice or your rights or
interests, visit our website:
http://www.weisslawllp.com/mobile-mini-inc/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether MINI's board of directors
acted to maximize shareholder value prior to entering into the
acquisition agreement. Notably, at least one analyst set a
price target of $53.00, approximately
$17.00 above the
per-share consideration. Moreover, the Company recently
announced positive financial results for the first quarter of 2020,
including a $4.8 million increase in
adjusted net income to $22.8 million,
as compared to the first quarter of 2019.
Finally, upon closing of the transaction, WSC shareholders will
own the majority of the combined company with a 54% stake, leaving
MINI shareholders the remaining 46%. The acquisition will
also grant WSC access to MINI's diverse portfolio of leading brands
and expand its geographic footprint.
Given these facts, WeissLaw is concerned whether the proposed
acquisition agreement undervalues the company, whether the board
ran a fair process, and whether all material information related to
the proposed acquisition 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