NEW YORK, July 30, 2008 (PRIME NEWSWIRE) -- Levi & Korsinsky announces an investigation on the proposed acquisition of Meadow Valley Corporation ("Meadow" or the "Company") (Nasdaq:MVCO).
On July 28, 2008, Meadow announced that it has entered into a definitive merger agreement with Phoenix Parent Corp., a Delaware corporation ("Parent"), and Phoenix Merger Sub, Inc., a Nevada corporation and a wholly-owned subsidiary of Parent ("Merger Sub"). Under the terms of the proposal, Meadow's shareholders would receive $11.25 per share in cash or $61.30 million. Subject to customary conditions and regulatory approvals the acquisition will be completed by December 31, 2008. Upon closing, Meadow will no longer be publicly traded. If you own common stock in Meadow and wish to obtain additional information please contact us at the number listed below or visit www.zlk.com/mvco.html
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
About Meadow Valley Corporation
Meadow Valley Corporation is engaged in the construction industry as both a provider of construction services and a supplier of construction materials.