NEW YORK, March 21, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, has launched an investigation to determine whether the officers or directors of ‘Alleghany Corporation (NYSE: Y) breached their fiduciary duties or violated federal securities laws in connection with the company’s acquisition by Berkshire Hathaway Inc.
Click here to learn more and get in on the action.
On March 21, 2022, Alleghany announced that it had reached an agreement for acquisition by Berkshire Hathaway in a deal valued at approximately $11.6 billion. Pursuant to the merger agreement, Alleghany shareholders will receive $848.02 in cash for each common share held by Alleghany. The transaction is expected to close in the fourth quarter of 2022.
Bragar Eagel & Squire fears Alleghany’s board oversaw an unfair process and ultimately agreed to an inadequate merger deal. Accordingly, the company is reviewing all relevant aspects of the agreement and is committed to ensuring the best possible outcome for Alleghany shareholders.
If you own shares of Alleghany and are concerned about the proposed merger, or would like to know more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at address [email protected] or by phone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.
Bragar Eagel & Squire, CP
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.