Shareholder Alert: Ademi LLP investigates whether Encore Wire Corporation has obtained a Fair Price in its transaction with Prysmian

MILWAUKEE, April 15, 2024 /PRNewswire/ -- Ademi LLP is investigating Encore (Nasdaq: WIRE) for possible breaches of fiduciary duty and other violations of law in its transaction with Prysmian.

Click here to learn how to join the https://www.ademilaw.com/case/encore-wire-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

In the transaction, Encore stockholders will receive only $290.00 per share or approximately $4.2 billion in implied Enterprise Value. The transaction agreement unreasonably limits competing transactions for Encore by imposing a significant penalty if Encore accepts a competing bid. Encore insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Encore's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Encore common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/encore-wire-corporation.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                    
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP