Revett Mining Company, Inc. Shareholder Alert: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
27.03.2015 | PR Newswire
- Do you own shares of Revett Mining Company Inc. (NYSE MKT: RVM)?- Did you purchase any of your shares prior to March 27, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
WILMINGTON, Del., March 27, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Revett Mining Company Inc. ("Revett" or the "Company") (NYSE MKT: RVM) 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), in a transaction valued at approximately $20 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/revett-mining-company-inc-rvm.
Under the terms of the agreement, shareholders of Revett will receive 0.1622 of a share of Hecla for each share of Revett common stock owned. Based of Hecla's closing price on March 26, 2015, Revett shareholders would have received compensation valued at approximately $0.50 per share.
The investigation concerns whether Revett's board of directors failed to adequately shop the Company and obtain the best possible value for Revett's shareholders before entering into an agreement with Hecla.
If you own the common stock of Revett and purchased your shares before March 25, 2015, 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:
www.rigrodskylong.com/investigations/revett-mining-company-inc-rvm.
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.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky / Gina M. Serra
(888) 969-4242, (302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
www.rigrodskylong.com