1. Investor rights firm investigates MRC's sale to DNOW Inc. 2. Concerns raised over fairness of consideration offered to MRC shareholders. 3. Potential breaches of fiduciary duties by MRC's board are under scrutiny. 4. Halper Sadeh LLC may seek increased payment for MRC shareholders. 5. Shareholders urged to explore legal rights in this transaction.
The investigation raises concerns about the sale's fairness, likely negative for MRC's stock. Historical cases show that shareholder lawsuits can depress stock prices temporarily.
The investigation directly challenges the legitimacy of the merger, affecting investor sentiment and stock valuation. Such legal scrutiny often leads to a reassessment of stock value.
Investigation outcomes typically impact stock prices quickly. Similar investigations have historically led to immediate price reactions.
NEW YORK--(BUSINESS WIRE)-- Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of MRC Global Inc. (NYSE: MRC) to DNOW Inc. for 0.9489 shares of DNOW common stock for each share of MRC common stock is fair to MRC shareholders.
Halper Sadeh encourages MRC shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether MRC and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for MRC; (2) determine whether DNOW is underpaying for MRC; and (3) disclose all material information necessary for MRC shareholders to adequately assess and value the merger consideration.
On behalf of MRC shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.