NEW YORK, Oct. 8, 2009 (GLOBE NEWSWIRE) -- Sarraf Gentile LLP announces that it is investigating the proposed merger of Merix Corp. ("Merix" or the "Company) (Nasdaq:MERX) with Viasystems Group, Inc. ("Viasystems"), a privately held corporation.
Under the terms of the merger agreement, each Merix share will be converted into approximately 0.11 newly issued shares of Viasystems, subject to adjustment, which will be publicly traded on the NASDAQ upon completion of the transaction. No value has been put on the deal. Upon news of the merger, shares of Merix fell roughly 84 cents to close at $1.92 per share, a one day drop of roughly 30%. The investigation is focused on the potential unfairness of the consideration to Merix shareholders and the process by which the Merix Board of Directors approached the transaction.
If you are a Merix shareholder and want to discuss your legal rights, at no cost and without obligation, please contact Joseph Gentile at Sarraf Gentile LLP (telephone: 212-868-3610; e-mail: joseph@sarrafgentile.com).
Sarraf Gentile LLP has extensive experience litigating shareholder class actions across the United States and has recovered millions of dollars on behalf of injured shareholders.
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