NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Fairmount Santrol (“Fairmount” or the “Company”) (NYSE:FMSA) stock prior to December 12, 2017.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Fairmount to Unmin Corporation, a wholly owned subsidiary of SCR-Sibelco NV. Under the terms of the transaction, Fairmount shareholders will receive approximately $0.74 per share. Investors representing 26% of Fairmount’s outstanding common stock have already agreed to tender their shares. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of Fairmount breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Unmin Corporation is underpaying for Fairmount shares, thus unlawfully harming Fairmount shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.