SILVERCREST SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of SilverCrest Mines Inc. (SVLC) Over the Pr...
August 11 2015 - 11:22AM
Business Wire
Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating
the Board of Directors of SilverCrest Mines Inc.
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of SilverCrest Mines Inc. (“SilverCrest” or the
“Company”) (NYSE MKT:SVLC) for potential breaches of fiduciary
duties in connection with the sale of the Company to First Majestic
Silver Corp. for approximately $117.25 million in a cash and stock
transaction .
The Company’s stockholders will only receive 0.2769 common
shares of First Majestic plus C$0.0001 in cash for each Company
common share held, approximately $0.92. However, the offer
represents a negative premium compared to the opening price of
$0.93 on August 11, 2015 and is well below low analyst price
targets of $1.44.
Click here for more information:
www.faruqilaw.com/SVLC. There is no cost or
obligation to you.
The investigation focuses on whether SilverCrest’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of SilverCrest’s shareholders.
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 firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in SilverCrest and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/SVLC 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) 2015 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150811006151/en/
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
(AMEX:SVLC)
Historical Stock Chart
From Aug 2024 to Sep 2024
(AMEX:SVLC)
Historical Stock Chart
From Sep 2023 to Sep 2024