An investigation on behalf of investors of NRC Group Holdings Corp. (NYSE: NRCG) in connection with the proposed takeover was announced and NYSE: NRCG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/26/2019 -- An investigation was announced for investors, who currently hold shares of NRC Group Holdings Corp. (NYSE: NRCG), concerning whether the takeover of NRC Group Holdings Corp. is unfair to NYSE: NRCG stockholders.
Investors who purchased shares of NRC Group Holdings Corp. (NYSE: NRCG) and currently hold any of those NYSE: NRCG shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of NRC Group Holdings Corp. breached their fiduciary duties owed to NYSE: NRCG investors in connection with the proposed acquisition.
Houston, TX based NRC Group Holdings Corp. provides various environmental, compliance, and waste management services. ON June 24, 2019, US Ecology, Inc. (Nasdaq-GS: ECOL) today announced that it has entered into a definitive merger agreement with NRC Group Holdings Corp. (NYSE American: NRCG), a national leader in comprehensive environmental, compliance and waste management services to the marine and rail transportation, general industrial and energy industries, in an all-stock transaction with an enterprise value of $966 million. Under the terms of the merger agreement, US Ecology will form a new holding company which will take the name of US Ecology, Inc. immediately upon the closing of the transaction and will own both US Ecology and NRC Group Holdings Corp.
US Ecology stockholders will receive 1 share of common stock of the new holding company for each share of US Ecology common stock they own upon closing of the transaction.
NRC Group Holdings Corp. (NYSE American: NRCG) common stockholders will receive 0.196 shares of common stock of the new holding company for each share of NRCG common stock they own upon closing of the transaction. The exchange ratio represents a price of $12.00 per share of NRC Group Holdings Corp. (NYSE American: NRCG) stock, based on the US Ecology average share price over the last 15-trading days.
However, given that at least one analyst has set the high target price for NYSE: NRCG shares at $15.00 per share, the investigation concerns whether the offer is unfair to NYSE: NRCG stockholders. More specifically, the investigation concerns whether the NRC Group Holdings Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Those who are current investors in NRC Group Holdings Corp. (NYSE: NRCG) shares have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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