ACCURIDE (ACW) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Accuride Corporation
September 06 2016 - 8:04AM
Business Wire
Andrews & Springer LLC, a boutique securities class
action law firm focused on representing shareholders nationwide, is
investigating potential breach of fiduciary duty claims against the
Board of Directors of Accuride Corporation (NYSE:ACW) (“Accuride”
or the “Company”) relating to the sale of the Company to affiliates
of private investment firm Crestview Partners (“Crestview”). On
September 2, 2016, the two parties announced the signing of a
definitive merger agreement pursuant to which Crestview will
acquire Accuride in a merger in a deal worth $124 million. As a
result of the merger, Accuride shareholders are only anticipated to
receive $2.58 per share in cash in exchange for each share of
Accuride.
Our investigation is looking into whether Accuride’s top
executives were conflicted and acted in their own self-interest
when approving the merger. According to the Company’s September 2nd
announcement, Accuride’s senior management will continue their
employment post-merger: “President and CEO Rick Dauch and the
members of the Accuride Leadership Team will continue to lead the
business after the transaction closes.” Additionally, we are
looking into a the suspicious timing of Accuride’s recently
announcement agreement to sell its Brillion Iron works subsidiary
to a subsidiary of Metaldyne Performance Group Inc.
If you own shares of Accuride and want to receive additional
information and protect your investments free of charge, please
visit us at
http://www.andrewsspringer.com/cases-investigations/accuride-class-action-investigation
or contact Craig J. Springer, Esq.
at cspringer@andrewsspringer.com, or call toll free at
1-800-423-6013. You may also follow us on LinkedIn –
www.linkedin.com/company/andrews-&-springer-llc, Twitter –
www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. These traits are the
hallmarks of our innovative approach to each case our Firm
decides to prosecute. For more information please visit our website
at www.andrewsspringer.com. This notice may constitute Attorney
Advertising.
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version on businesswire.com: http://www.businesswire.com/news/home/20160906005691/en/
For Andrews & Springer LLC:Craig J. Springer, Esq.,
1-800-423-6013cspringer@andrewsspringer.com
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