News Column

Material Sciences: Former SEC Attorney Willie Briscoe and Powers Taylor Examine Acquisition by New Star Metals

January 24, 2014

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor are investigating potential claims against the Board of Directors of Material Sciences Corp. related to the proposed acquisition by New Star Metals, Inc. for shareholders. According to a release, under the terms of the transaction, Material Sciences shareholders will only receive $12.75 in cash for each share of MASC stock owned. The Material Sciences' investigation centers on whether MASC's Board of Directors is acting in the shareholders' best interests, whether the board is properly considering the proposed price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions. ((Comments on this story may be sent to ))

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Source: Manufacturing Close - Up

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