HUTTIG BUILDING PRODUCTS ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of HBP and Encourages Investors to Contact the Firm
NEW YORK, March 23, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Huttig Building Products, Inc. (NASDAQ: HBP) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Woodgrain Inc.
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On March 21, 2022, Huttig announced that it had entered into an agreement to be acquired by Woodgrain in an all-cash deal. Pursuant to the merger agreement, Huttig stockholders will receive $10.70 in cash for each share of Huttig common stock owned. The deal is scheduled to close in the second quarter of 2022.
Bragar Eagel & Squire is concerned that Huttig’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 Huttig’s stockholders.
If you own shares of Huttig 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 email@example.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.