Energy News / Shareholders Foundation, Inc.

OTC:CSTW Investor Alert: Investigation of Takeover of Central Steel and Wire Company

Via: ReleaseWire

Updated 11:15 AM CDT, Tue, June 19,2018

An investigation on behalf of investors of Central Steel and Wire Company (OTC: CSTW) in connection with the proposed takeover was announced and OTC: CSTW stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 06/19/2018 -- An investigation was announced concerning whether the takeover of Central Steel and Wire Company is unfair to CSTW stockholders.

Investors who purchased shares of Central Steel and Wire Company (OTC: CSTW) and currently hold any of those OTC: CSTW shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Central Steel and Wire Company breached their fiduciary duties owed to OTC: CSTW investors in connection with the proposed acquisition.

Chicago, IL based Central Steel and Wire Company, together with its subsidiaries, distributes processed and unprocessed ferrous and nonferrous metals in the Midwest.

On June 5, 2018, Central Steel & Wire Company (OTCPK: CSTW) announced its entry into a merger agreement to be acquired by Joseph T. Ryerson & Son, Inc., a Delaware corporation and wholly-owned subsidiary of Ryerson Holding Corporation ("Ryerson") (NYSE: RYI). The deal is subject to certain conditions, but represents an approximate value of $669 per share.

However, the investigation concerns whether the offer is unfair to Central Steel and Wire Company (OTC: CSTW stockholders. More specifically, the investigation concerns whether the Central Steel and Wire Company (OTC: CSTW 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.

On June 18, 2018, Central Steel and Wire Company (OTC: CSTW) shares closed at $630.00 per share.

Those who are current investors in Central Steel and Wire Company (OTC: CSTW) 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/otccstw-investor-alert-investigation-of-takeover-of-central-steel-and-wire-company-996970.htm

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