NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of State Auto Financial Corporation (NASDAQ: STFC) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Liberty Mutual Holding Company Inc.
Click here to learn more and participate in the action.
On July 12, 2021, State Auto Financial announced that it had signed an agreement to merge with Liberty Mutual in an all-cash deal. Pursuant to the merger agreement, State Auto Financial stockholders will receive $52 in cash for each share of State Auto Financial common stock owned. The deal is scheduled to close in 2022.
Bragar Eagel & Squire is concerned that State Auto Financial’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for State Auto Financial’s stockholders.
If you own shares of State Auto Financial and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at investigations@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. 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, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com