Cases
Metaldyne Performance Group Inc. (NYSE: MPG)
Merger
Overview
Overview
- Date:
- 2/23/2017
- Company Name:
- Metaldyne Performance Group Inc.
- Stock Symbol:
- MPG
- Company Name - Buyer:
- American Axle & Manufacturing Holdings, Inc.
- Class Period:
- FROM 2/16/2017
- Status:
- Closed/Complete
- Merger Announcement Date:
- 11/3/2016
- Court:
- U.S. District Court: Eastern District of Michigan
NEW YORK, February 23, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Michigan on behalf of all persons or entities who held Metaldyne Performance Group Inc. (NYSE: MPG) securities on February 16, 2017 (the “Class Period”).
On November 3, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which American Axle & Manufacturing Holdings, Inc. will acquire Metaldyne Performance Group Inc. in a deal. As a result of the merger, Metaldyne shareholders are only anticipated to receive $13.50 in cash and 0.5 AAM shares for each share of Metaldyne common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Metaldyne securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On November 3, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which American Axle & Manufacturing Holdings, Inc. will acquire Metaldyne Performance Group Inc. in a deal. As a result of the merger, Metaldyne shareholders are only anticipated to receive $13.50 in cash and 0.5 AAM shares for each share of Metaldyne common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Metaldyne securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.