MINES MANAGEMENT, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
24 Maggio 2016 - 8:59PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Mines
Management, Inc. (NYSE MKT: MGN)?
- Did you purchase any of your shares
prior to May 24, 2016?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Mines
Management, Inc. (“Mines Management” or the “Company”) (NYSE MKT:
MGN) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Hecla Mining Company (“Hecla”) (NYSE: HL).
Click here to learn more:
http://rigrodskylong.com/investigations/mines-management-inc-mgn.
Under the terms of the agreement, shareholders of Mines
Management will receive 0.2218 shares of Hecla for each share of
Mines Management they own. Based on Hecla’s closing stock
price on May 23, 2016, Mines Management shareholders would have
received compensation valued at approximately $0.94 per share.
The investigation concerns whether Mines Management’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Mines Management’s shareholders before entering
into an agreement with Hecla. According to Yahoo! Finance, at least
one analyst has issued a price target for Mines Management stock at
$4.00 per share.
If you own the common stock of Mines Management and purchased
your shares before May 24, 2016, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/mines-management-inc-mgn.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160524006570/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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