BALA CYNWYD, Pa.–(BUSINESS WIRE)– Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of WCA Waste Corporation (“WCA” or the “Company”) (Nasdaq: WCAA) relating to the proposed acquisition by Macquarie Infrastructure Partners II (“MIP II”).
Under the terms of the transaction, WCA shareholders would receive $ 6.50 in cash for each share of WCA stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of WCA for not acting in the Company’s shareholders’ best interests in connection with the sale process to MIP II. The transaction may undervalue WCA as WCA stock traded at $ 6.27 on June 13, 2011 and the Company has a reported book value of $ 7.79 per share.
If you own shares of WCA stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], visiting http://brodsky-smith.com/375-wcaa-wca-waste-corporation.html, or by calling toll free 877-LEGAL-90.