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MIGP Mercer Insurance Grp., Inc. (MM)

28.23
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mercer Insurance Grp., Inc. (MM) NASDAQ:MIGP NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 28.23 0 01:00:00

Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Mercer Insurance Group, Inc. - MIGP

02/12/2010 10:20pm

Business Wire


Mercer Insurance (NASDAQ:MIGP)
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Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Mercer Insurance Group, Inc. (“Mercer” or the “Company”) (NASDAQ: MIGP) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to United Fire & Casualty Company (NASDAQ: UFCS) for an estimated $191 million. The proposed transaction offers Mercer shareholders to only receive $28.25 per share in cash. The proposed transaction is expected to close at the end of the first quarter of 2011.

Request more information now by clicking here: www.faruqilaw.com/MIGP

Whether the Mercer’s Board of Directors breached their fiduciary duties to Mercer’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Mercer’s shares and by how much this proposed transaction undervalues the Company to the detriment of Mercer 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, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Mercer and wish to obtain additional information, please visit us at www.faruqilaw.com/MIGP 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) 2010 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.

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