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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of First Mercury Financial Corporation in Conn

^{Published on 2010-10-28 18:40:40 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of First Mercury Financial Corporation (aFirst Mercurya or the aCompanya) (NYSE:FMR) related to the Companya™s agreement to be acquired by Fairfax Financial Holdings Limited (aFairfaxa). The proposed cash transaction is valued at approximately $294 million.

Under the terms of the merger agreement entered into by the parties, Fairfax will acquire all of the outstanding shares of First Mercury common stock for $16.50 per share in cash. Certain directors, including the founder of First Mercury, who together beneficially own approximately 17% of the outstanding shares of the Companya™s common stock, have agreed to vote their shares in favor of the merger. The transaction is expected to close in the first quarter of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by First Mercurya™s board of directors.

If you are a shareholder of First Mercury, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].