NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of Metalico, Inc. (“Metalico” or the “Company”) (NYSE:MEA) concerning the proposed acquisition of the Company by Total Merchant Limited. Pursuant to the terms of the merger agreement, Metalico stockholders will receive $0.60 for each share of Metalico common stock they own, valuing the transaction at approximately $87 million.
The investigation concerns whether the Metalico Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.
If you are a Metalico stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 699-1145 or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.