Energy News / Shareholders Foundation, Inc.

NYSE:BRSS Shareholder Alert: Lawsuit Filed Against Takeover of Global Brass and Copper Holdings, Inc.

Via: ReleaseWire

Updated 12:00 PM CDT, Fri, May 31,2019

A lawsuit was filed for investors in shares of Global Brass and Copper Holdings, Inc. (NYSE: BRSS) in connection with the proposed takeover and NYSE: BRSS stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/31/2019 -- An investor, who currently holds shares of Global Brass and Copper Holdings, Inc. (NYSE: BRSS), filed a lawsuit against the acquisition of Global Brass and Copper Holdings, Inc..

Investors who purchased shares of Global Brass and Copper Holdings, Inc. (NYSE: BRSS) and currently hold any of those NYSE: BRSS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: BRSS stockholders by agreeing to sell Global Brass and Copper Holdings, Inc. cheaply via an unfair process.

Schaumburg, IL based Global Brass and Copper Holdings, Inc. converts, fabricates, processes, and distributes specialized non-ferrous products in the United States, the Asia Pacific, and Mexico. On April 10, 2019 /Global Brass and Copper Holdings, Inc. (NYSE: BRSS) ("Global Brass and Copper" or the "Company" or "GBC") and Wieland-Werke AG ("Wieland Group") today announced that they have entered into a definitive merger agreement. Under the terms of the takeover agreement Global Brass and Copper Holdings, Inc. (NYSE: BRSS) shareholders will receive $44.00 per share in cash

However, plaintiff claims that the proposed consideration NYSE: BRSS shareholders will receive is grossly inadequate and undervalues Global Brass and Copper Holdings. In addition, the plaintiff alleges that the process is also unfair NYSE: BRSS stockholders.

Global Brass and Copper Holdings, Inc. reported that its annual Total Revenue rose from over $1.57 billion in 2017 to over $1.76 billion in 2018 and that its Net Income increased from $51.1 million in 2017 to $58.2 million in 2018.

Shares of Global Brass and Copper Holdings, Inc. (NYSE: BRSS) closed on May 30, 2019, at $43.52 per share.

Those who are current investors in Global Brass and Copper Holdings, Inc. (NYSE: BRSS) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysebrss-shareholder-alert-lawsuit-filed-against-takeover-of-global-brass-and-copper-holdings-inc-1227422.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com