General Cable Corporation (NYSE:BGC)
The firm is investigating potential claims against the Board of Directors of General Cable Corporation ("General Cable" or the "Company") (NYSE:BGC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Prysmian Group ("Prysmian").
Under the terms of the transaction, General Cable shareholders will receive only $30.00 in cash for each share of General Cable stock they own. The investigation concerns whether the Board of General Cable breached their fiduciary duties to shareholders and whether Prysmian is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many General Cable shareholders. For example, shares of General Cable stock have traded at $36.63 per share and it has been reported that General Cable could attract interest from rivals.
If you are a current shareholder and would like to discuss your options of exercising your rights as a shareholder, which include ensuring that the company is getting the highest possible price for the company, and that the board of directors will act in the best interest of the shareholders, please contact us.
Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.
Please Note: Neither the submission to nor the receipt of information by The Law Offices of Marc S. Henzel or one of its attorneys through this website constitutes an agreement by the firm to represent the individual and does not create an attorney-client relationship.