MILWAUKEE, May 9, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating the Board of EMC Insurance Group Inc. EMCI for possible breaches of fiduciary duty and other violations of the law in connection with the sale of EMCI to Employers Mutual.
Click here to learn how to join the action: http://ademilaw.com/case/emci or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges EMCI's financial outlook is improving and yet EMCI shareholders will receive only $36.00 per share. Employers Mutual is purchasing EMCI at a substantial discount. The merger agreement unreasonably limits competing bids for EMCI by prohibiting solicitation of further bids, and imposing a termination penalty if EMCI accepts a superior bid. EMCI insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of EMCI's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for EMCI.
If you own common stock in EMCI and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/emci.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original content:SOURCE Ademi & O'Reilly, LLP
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