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SOURCE Rigrodsky & Long, P.A.
WILMINGTON, Del., Feb. 24, 2014 /PRNewswire/ -- Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Material Sciences Corporation ("Material Sciences" or the "Company") (NASDAQ CM: MASC) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by New Star Metals Inc. ("New Star"), in a transaction valued at approximately $139 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/material-sciences-corporation-masc.
Under the terms of the agreement, public shareholders of Material Sciences will receive $12.75 per share in cash for each share of Material Sciences they own.
The investigation concerns whether Material Sciences' board of directors failed to adequately shop the Company and obtain the best possible value for Material Sciences' shareholders before entering into an agreement with New Star. According to Yahoo! Finance, at least one analyst has issued a price target for Material Sciences stock at $13.00 per share.
If you own the common stock of Material Sciences and purchased your shares before January 9, 2014, 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, Delaware 19803; by telephone at (888) 969-4242; or by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/material-sciences-corporation-masc.
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.
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