N@N

Finkelstein Thompson LLP Announces Investigation of Fushi Copperweld, Inc.

^{Published on 2010-11-05 15:11:10 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Fushi Copperweld, Inc. (aFushia or the aCompanya) (Nasdaq:FSIN) concerning the Companya™s Chairman and CEO Mr. Li Fua™s offer to purchase each outstanding share of common stock not already owned by Mr. Fu for $11.50 in cash. The transaction is valued at approximately $433.8 million.

The investigation is focused on the potential unfairness of the proposed transaction price to Fushi shareholders, the process by which the Board of Directors is considering the proposed transaction, and potential conflicts of interests among Fushi Board members. Indeed, Mr. Fu already beneficially owns 29.4% of the outstanding shares of the Company. Moreover, the Companya™s stock traded as high as $12.94 on April 9, and according to Yahoo! Finance, at least one analyst has set a target price of $18 for the Companya™s shares.

If you are interested in discussing your rights as a Fushi shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.