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WEISSLAW LLP: West Marine, Inc. Acquisition May Not Be in the Best Interests of WMAR Shareholders

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NEW YORK, July 7, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of West Marine, Inc. ("WMAR" or the "Company") (NASDAQ: WMAR) in connection with the proposed acquisition of the Company by New York-based private equity fund Monomoy Capital Partners.  Under the terms of the acquisition agreement, the Company's shareholders will receive $12.97 in cash for each WMAR share they own.

WeissLaw is investigating whether WMAR's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, the Company recently announced promising financial results.  It reported that gross margins improved to 25.5% and a 9.5% increase in sales from eCommerce in the first quarter of 2017.

Given these facts, WeissLaw is investigating whether WMAR's Board acted in the best interests of public shareholders to maximize shareholder value prior to entering into the agreement.  If you own WMAR shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Mark Smilow by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/west-marine-inc/.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/weisslaw-llp-west-marine-inc-acquisition-may-not-be-in-the-best-interests-of-wmar-shareholders-300484838.html

SOURCE WeissLaw LLP

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