Harleysville Group, Inc. Has Agreed to be Acquired by Nationwide Mutual Insurance Company

  • Do you own shares of Harleysville Group, Inc. (Nasdaq: HGIC)?
  • Did you buy any shares before September 29, 2011?
  • Do you think that the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Harleysville Group, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Nationwide Mutual Insurance Company for $60.00 per share in cash.

Click here to read the full press release.

Rigrodsky & Long, P.A. Investigates Harleysville Group, Inc.'s Sale to Nationwide Mutual Insurance Company for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Harleysville Group, Inc. (“Harleysville Group” or the “Company”) (Nasdaq: HGIC) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Nationwide Mutual Insurance Company (“Nationwide”) in a transaction with an approximate value of $760 million.

Under the proposed agreement, Harleysville Group shareholders will receive $60.00 per share in cash for every share of Harleysville Group common stock they own.

The investigation concerns whether Harleysville Group’s board of directors adequately shopped the Company to obtain the best price possible for Harleysville Group’s shareholders before entering into the agreement with Nationwide.  Indeed, Harleysville Mutual Insurance Company has already agreed to vote its 54% stake in the Company in favor of the transaction.

If you own the common stock of Harleysville Group and purchased your shares before September 29, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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