FMR First Mercury Financial Corp

The Law Office of Abe Shainberg is investigating the Board of Directors of First Mercury Financial Corporation (NYSE: FMR) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Fairfax Financial Holdings Limited (“Fairfax Financial”). Under the terms of the transaction, First Mercury shareholders will receive $16.50 in cash for each share of First Mercury common stock they own for a total transaction value of approximately $294 million.

The investigation concerns whether the First Mercury Board of Directors breached their fiduciary duties to First Mercury stockholders by failing to adequately shop the Company before entering into this transaction and whether Fairfax Financial is underpaying for First Mercury shares, thus unlawfully harming First Mercury stockholders. The Company reported a book value of $16.87 per share for the most recent quarter.

If you own common stock in First Mercury and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/first-mercury-fmr.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.

First Mercury Financial Corp (NYSE:FMR)
Historical Stock Chart
From Nov 2024 to Dec 2024

First Mercury Financial Corp (NYSE:FMR)
Historical Stock Chart
From Dec 2023 to Dec 2024