|[January 09, 2014]
MATERIAL SCIENCES CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Material Sciences Corporation (MASC) Over the Proposed Sale of the Company to Zink Acquisition Holdings Inc.
NEW YORK --(Business Wire)--
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Material
Sciences Corporation ("MSC (News - Alert)" or the "Company") (NASDAG:MASC) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Zink Acquisition Holdings Inc. and
Zink Acquisition Merger Sub Inc., which are affiliates of New Star
Metals Inc. and Insight Equity Holdings LLC. This is a cash deal valued
at approximately $139 million. Under the terms of the proposed
transaction, MSC's stockholders will receive $12.75 for each share of
MSC common stock they own. However, according to Yahoo! Finance, MSC's
book value per share plus cash per share is $13.25, approximately 4%
higher than the amount MSC's stockholders will receive.
Request more information now by clicking here: www.faruqilaw.com/MASC.
There is no cost or obligation to you.
The investigation focuses on whether MSC'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 MSC's shareholders.
& 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. To
keep track of the latest securities litigation news, follow us on
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If you own common stock in Material Sciences Corporation and wish to
obtain additional information and protect your investments free of
charge, please visit us at www.faruqilaw.com/
MASC or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com
or by telephone at (877) 247-4292 or (212) 983-9330.
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