DALLAS , Dec. 22, 2011 /PRNewswire/ — Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of WCA Waste Corporation (Nasdaq: WCAA – News) to Macquarie Infrastructure Partners II for WCA shareholders. Under the proposed acquisition, WCA’s shareholders will receive $ 6.50 per share in cash. Because WCA has seen substantial growth recently, the firms are seeking to determine whether the WCA’s board undertook a fair process to maximize shareholder value.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [email protected], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [email protected]. There is no cost or fee to you.
Under the terms of the definitive acquisition agreement, this transaction has an approximate value of $ 526 million . The investigation centers on whether WCA’s board of directors adequately shopped the Company to obtain the best price possible for WCA shareholders before accepting the terms of sale with Macquarie Infrastructure Partners II.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.