NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Central Steel & Wire Company (“Central Steel & Wire” or the “Company”) (Pink Sheet: CSTW) stock prior to June 5, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Central Steel & Wire to Ryerson Holding Corp. (NYSE: RYI) for $140 million. The deal is subject to certain conditions, but represents an approximate value of $669 per share. 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 Central Steel & Wire breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Ryerson Holding Corp. is underpaying for Central Steel & Wire shares, thus unlawfully harming Central Steel & Wire shareholders. Shareholders holding approximately 73% of the Company’s outstanding voting shares have agreed to tender their shares.
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.