NEW YORK, NY–(Marketwire -01/03/12)- Levi & Korsinsky notifies investors of WCA Waste Corporation (“WCA” or the “Company”) (NASDAQ: WCAA – News) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Macquarie Infrastructure Partners II (“MIP II”). Under the terms of the transaction, WCA shareholders will receive $ 6.50 per share of WCA stock they own. The transaction has a total approximate value of $ 526 million including the refinance of WCA’s existing credit facilities. A complaint was filed in Texas state court.
Click here to learn how to join the action: http://www.zlk.com/wca-waste-wcaa, or call: 877-363-5972.
The claims concern whether the WCA Board of Directors breached their fiduciary duties to WCA stockholders by failing to adequately shop the Company before entering into this transaction and whether MIP II is underpaying for WCA shares, thus unlawfully harming WCA stockholders. In particular, the Company has reported a book value of $ 7.79 per share, for the most recent quarter.
If you own common stock in WCA and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
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