Cases
Sierra Monitor Corporation (SRMC)
Merger
Overview
Overview
- Date:
- 4/1/2019
- Company Name:
- Sierra Monitor Corporation
- Stock Symbol:
- SRMC
- Company Name - Buyer:
- MSA Safety Incorporated
- Stock Symbol - Buyer:
- MSA
- Status:
- Closed/Complete
- Merger Announcement Date:
- 3/29/2019
NEW YORK, April 1, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Sierra Monitor Corporation (Other OTC: SRMC) on behalf of stockholders concerning the proposed acquisition of the company by MSA Safety Incorporated (NYSE: MSA).
Pursuant to the proposed transaction, announced on March 29, 2019 and valued at $33 million, Sierra Monitor stockholders will receive $3.25 in cash for each share of Sierra Monitor common stock owned. The investigation focuses on whether Sierra Monitor and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Sierra Monitor shares, have information, 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 Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on March 29, 2019 and valued at $33 million, Sierra Monitor stockholders will receive $3.25 in cash for each share of Sierra Monitor common stock owned. The investigation focuses on whether Sierra Monitor and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Sierra Monitor shares, have information, 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 Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.