Metals USA Holdings Corp : Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Metals USA Holdings Corp. (MUSA)
02/08/2013| 08:05pm US/Eastern
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Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Metals USA
Holdings Corp. ("Metals USA" or the "Company") (NYSE: MUSA) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Reliance Steel & Aluminum Co.
(NYSE: RS) in an all-cash deal valued at approximately $766 million.
Under the terms of the proposed transaction, Metals USA's stockholders
will receive $20.65 for each share of Metals USA common stock they own,
while according to Yahoo! Finance, at least one financial analyst has
set a price target of $21 for Metals USA.
Request more information now by clicking here: www.faruqilaw.com/MUSA.
There is no cost or obligation to you.
The investigation focuses on whether Metals USA's Board of Directors
breached their fiduciary duties to the Company's stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of Metals USA's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients.
If you own common stock in Metals USA and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/MUSA
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New
York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: (877) 247-4292
Phone: (212) 983-9330
© Business Wire 2013
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