Kendall Law Group Investigates PMA Capital Corporation Merger for Shareholders

Kendall Law Group, a national securities firm, is investigating PMA Capital Corporation (NASDAQ: PMACA) for shareholders in connection with the proposed acquisition of PMA by Old Republic International Corp. The firm’s investigation seeks to determine whether PMA and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a PMA shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On June 10, 2010, the companies announced that they had entered into a definitive merger agreement for PMA to be acquired by Old Republic in an all stock transaction. Under the merger agreement, PMA common shareholders will receive 0.55 shares of Old Republic common stock. At the time of the announcement, the exchange ratio represented “approximately 15%” premium to the June 8 closing price of PMA shares. However, on May 12, 2010, less than one month ago, PMA shares traded as high as $7.54 per share. Old Republic closed at $12.80 on June 10, putting the exchange price at $7.04 per share. The firm’s investigation seeks to determine whether the transaction is undervaluing the company.

Kendall Law Group was founded by a former federal judge and a former United States Attorney, and includes securities lawyers and former prosecutors who are experienced in complex securities litigation. The firm has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States.

Pma Capital Corp. (MM) (NASDAQ:PMACA)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024