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The Law Offices of Vincent Wong are investigating the Board of Directors of Penn Millers Holding Corporation (NASDAQ: PMIC) for
possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of ACE
Limited (NYSE: ACE). Under the terms of the deal, Penn Millers shareholders will receive $20.50 in cash per share. The transaction
has a total value of approximately $107 million.
The investigation concerns whether the Penn Millers Board of Directors breached their fiduciary duties to Penn Millers stockholders by
failing to adequately shop the Company before entering into this transaction and whether ACE Limited is underpaying for Penn Millers
shares.
possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of ACE
Limited (NYSE: ACE). Under the terms of the deal, Penn Millers shareholders will receive $20.50 in cash per share. The transaction
has a total value of approximately $107 million.
The investigation concerns whether the Penn Millers Board of Directors breached their fiduciary duties to Penn Millers stockholders by
failing to adequately shop the Company before entering into this transaction and whether ACE Limited is underpaying for Penn Millers
shares.
| Penn Millers Holding Corporation - (NASDAQ: PMIC) |