Levi & Korsinsky is investigating the Board of Directors of Mercer Insurance Group, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to United Fire & Casualty Company.
New York, NY, December 02, 2010 -- Levi & Korsinsky is investigating the Board of Directors of Mercer Insurance Group, Inc. (“Mercer Insurance” or the “Company”) (NasdaqGM: MIGP) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to United Fire & Casualty Company (“United Fire”) (NasdaqGS: UFCS). Under the terms of the transaction, Mercer Insurance shareholders will receive $28.25 per share in cash for each share they own for a total transaction value of approximately $191 million.
Click here to learn how to join the action: http://www.zlk.com/mercer-insurance-migp.html, or call: 877-363-5972.
The investigation concerns whether the Mercer Insurance Board of Directors breached their fiduciary duties to Mercer Insurance stockholders by failing to adequately shop the Company before entering into this transaction and whether United Fire is underpaying for Mercer Insurance shares, thus unlawfully harming Mercer Insurance stockholders. For the most recent quarter, the Company reported a book value of $28.56 per share.
If you own common stock in Mercer Insurance and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/mercer-insurance-migp.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
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Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004