NEW YORK–(BUSINESS WIRE)– Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of WCA Waste Corporation (“WCA” or the “Company”) (NASDAQ:WCAA – News) concerning the proposed acquisition of WCA by Macquarie Infrastructure Partners II (“MIP II”) in a cash transaction valued at approximately $ 526 million.
The investigation concerns whether the WCA directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, the Price to Revenue multiple and Price to EBITDA multiple that MIP II would be paying for WCA is below that of comparable transactions.
WCA shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at [email protected] or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at [email protected] or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.