Faruqi & Faruqi, LLP Announces the Investigation of Metalico, Inc. (MEA) Over the Proposed Sale of the Company to Total Merchant Limited
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Metalico, Inc. (“Metalico” or the “Company”) (NYSE MKT: MEA) for potential breaches of fiduciary duties in connection with the sale of the Company to Total Merchant Limited for approximately $87 million in cash. The Company’s stockholders will only receive $0.60 for each share of Metalico common stock they own. This consideration is far lower than both certain analyst opinions for the Company’s price target, and historical trading values over the past year which reached as high as $1.67.
If you own common stock in Metalico and wish to obtain additional information and protect your investments free of charge, please 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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