Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of SeaBright Holdings, Inc. (SBX)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SeaBright Holdings, Inc. (“SeaBright” or the “Company”) (NYSE: SBX) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Enstar Group Limited (NASDAQ: ESGR) in an all-cash deal valued at approximately $252 million. Under the terms of the proposed transaction, SeaBright’s stockholders will receive $11.11 in cash for each share of SeaBright common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $12 for SeaBright.
Whether SeaBright’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues SeaBright’s shares and by how much this proposed transaction undervalues the Company to the detriment of SeaBright’s shareholders are the key focus of this investigation.
If you own common stock in SeaBright and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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