Glancy Binkow & Goldberg LLP is Investigating Schuff International, Inc. Board of Directors
August 21 2014 - 2:47PM
Business Wire
Glancy Binkow & Goldberg LLP is investigating the Board of
Directors of Schuff International, Inc. (“Schuff” or the “Company”)
(OTC:SHFK). This investigation relates to the acquisition of the
Company by HC2 Holdings, Inc. (“HC2”) (OTC:HCHC).
Under the terms of the deal, Schuff shareholders will receive
$31.50 in cash for each share of SHFK they own, approximately a
1.6% premium compared to Wednesday’s closing price of $31.00. This
investigation concerns whether the Board of Directors of Schuff
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction.
If you are a shareholder of Schuff, if you have information or
would like to learn more about our investigation, or if you wish to
discuss your rights or interests with respect to these matters,
please contact Louis Boyarsky, Esquire, Glancy Binkow &
Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA
90067, by telephone at (310) 201-9150 or Toll Free at (888)
773-9224 or by email to shareholders@glancylaw.com. This press
release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLPLouis Boyarsky, Esquire(310)
201-9150 or Toll Free at (888)
773-9224shareholders@glancylaw.com
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