NEW YORK -- (Business Wire)
Bull & Lifshitz, LLP announces an investigation into possible breaches
of fiduciary duty in connection with the proposed sale of Penn Millers
Holding Corporation (NASDAQ: PMIC
(referred to as "Penn Millers" or the “Company”) to ACE Limited (“ACE”)
in a cash transaction valued at approximately $107 million.
Under the terms of the agreement, Penn Millers has agreed to be acquired
by a subsidiary of ACE for $20.50 per share in cash.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed
deal provides adequate value to the Company’s shareholders.
If you are a holder of Penn Millers common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will,
without obligation or cost to you, attempt to answer your questions.
If you are a shareholder of Penn Millers and would like more information
about our investigation, please contact Joshua M. Lifshitz, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: firstname.lastname@example.org.
All e-mail correspondence should make reference to Penn Millers.
Bull & Lifshitz, LLP is a New York City-based law firm with significant
experience representing investors in merger-related shareholder class
actions, shareholder derivative actions, and securities fraud class
actions. For more information about the firm, please visit our website
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP. The law
firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East
41st Street, New York, New York 10017, (212) 213-6222. Prior
results do not guarantee or predict a similar outcome with respect to
any future matter.
Bull & Lifshitz, LLP
Joshua M. Lifshitz, Esq., 212-213-6222
Source: Bull & Lifshitz, LLP
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