Cases
Mines Management, Inc. (NYSE: MGN)
Merger
Overview
Overview
- Date:
- 8/2/2016
- Company Name:
- Mines Management, Inc.
- Stock Symbol:
- MGN
- Company Name - Buyer:
- Hecla Mining Company
- Stock Symbol - Buyer:
- HL
- Class Period:
- FROM 5/24/2016
- Status:
- Closed/Complete
- Merger Announcement Date:
- 5/23/2016
- Court:
- U.S. District Court: District of Eastern Washington
NEW YORK, August 2, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Washington Eastern District Court on behalf of all persons or entities who held Mines Management, Inc. (NYSE: MGN) securities on May 24, 2016 (the “Class Period”).
On May 23, 2016, Mines entered into a definitive agreement pursuant to which Hecla will acquire Mines and Mines’ shareholders will receive 0.2218 shares of Hecla for each share of Mines that they own (the “Proposed Transaction”).
The complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, on June 29, 2016, defendants issued materially incomplete disclosures in the Form S-4 Registration Statement filed with the United States Securities and Exchange Commission. The Registration Statement, which recommends that Mines stockholders vote in favor of the Proposed Transaction, omits material information necessary to enable shareholders to make an informed decision as to how to vote on the Proposed Transaction, including material information with respect to the process and events leading up to the Proposed Transaction, Mines’ financial projections, and the opinions and analyses of Mines’ financial advisor.
Plaintiff seeks injunctive and equitable relief and damages on behalf of holders of Mines common stock.
If you held Mines Management 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 May 23, 2016, Mines entered into a definitive agreement pursuant to which Hecla will acquire Mines and Mines’ shareholders will receive 0.2218 shares of Hecla for each share of Mines that they own (the “Proposed Transaction”).
The complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, on June 29, 2016, defendants issued materially incomplete disclosures in the Form S-4 Registration Statement filed with the United States Securities and Exchange Commission. The Registration Statement, which recommends that Mines stockholders vote in favor of the Proposed Transaction, omits material information necessary to enable shareholders to make an informed decision as to how to vote on the Proposed Transaction, including material information with respect to the process and events leading up to the Proposed Transaction, Mines’ financial projections, and the opinions and analyses of Mines’ financial advisor.
Plaintiff seeks injunctive and equitable relief and damages on behalf of holders of Mines common stock.
If you held Mines Management 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.