Global Brass Hit With Investor Suit Over $963M Deal
Law360 (May 17, 2019, 7:24 PM EDT) -- Global Brass and Copper Holdings Inc. failed to give stockholders enough information about its proposed $963 million tie-up with Wieland-Werke AG for them to make an informed vote on the transaction, an investor told a Delaware federal court Friday.
In a proposed class action filed against GBC and its directors, stockholder Michael Kent said a May 10 proxy statement submitted with the U.S. Securities and Exchange Commission was inadequate and left out important financial projections in violation of federal securities laws.
GBC failed to include information about how it calculated revenue and cash flow projections about the company and data about...
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