Business & Finance
Business and Finance
Business and Finance
Mon, September 12, 2011
Sun, September 11, 2011
Sat, September 10, 2011
Fri, September 9, 2011 Faruqi & Faruqi,;; LLP Announces Investigation of Penn Millers Holding Corporation
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Penn Millers Holding Corporation (aPenn Millersa or the aCompanya) (NASDAQ: PMIC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to a subsidiary of ACE Limited (NYSE: ACE) in an all-cash deal valued at about $104.5 million. Under the terms of the proposed transaction, Penn Millers stockholders will receive $20.50 in cash per each share of Penn Millers they own.
Request more information now by clicking here: [ www.faruqilaw.com/PMIC ]
Whether Penn Millersa™ Board of Directors breached their fiduciary duties to the Companya™s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Penn Millersa™ shares and by how much this proposed transaction undervalues the Company to the detriment of Penn-Millersa™ shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.
If you own common stock in Penn Millers and wish to obtain additional information, please visit us at [ www.faruqilaw.com/PMIC ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
