Meadowbrook Shareholder Alert – Buyout Of Meadowbrook Insurance Group Inc.
December 31, 2014
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Meadowbrook Insurance Group, Inc. (NYSE: MIG) (“Meadowbrook” or the “Company”) on behalf of its’ shareholders. Fosun International Limited (“Fosun”) and Meadowbrook announced that they have entered into a definitive agreement under which Fosun will acquire Meadowbrook for $8.65 per share in cash.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors and senior management of Meadowbrook for not acting in Meadowbrook shareholders’ best interests in connection with the sale process of Meadowbrook. The investigation seeks to determine if there was an adequate auction process and if Fosun is underpaying for Meadowbrook’s shares. Indeed, the buyout price is less than the Company’s book value per share ($8.95). The investigation further concerns whether the senior management of Meadowbrook may have acted in their own self-interests in selling the company to Fosun.
If you are a shareholder of Meadowbrook and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.