Wesco Financial (AMEX:WSC)
Historical Stock Chart
3 Years : From May 2010 to May 2013
Levi & Korsinsky is investigating the Board of Directors of Wesco
Financial Corp. (“Wesco or the “Company”) (AMEX: WSC) for possible
breaches of fiduciary duty and other violations of state law in
connection with the receipt of a proposal from Berkshire Hathaway Inc.
("Berkshire Hathaway") (NYSE: BRK). Under the terms of the proposal,
Berkshire Hathaway will purchase the 19.9% of Wesco shares it does not
presently own in exchange for Berkshire Hathaway Class B shares and/or
cash valued at the book value of Wesco shares. For the most recent
quarter, the Company reported a book value of $352.66 per share.
The investigation concerns whether the Wesco Board of Directors breached
their fiduciary duties to Wesco stockholders by failing to adequately
shop the Company before entering into this transaction and whether
Berkshire Hathaway is underpaying for Wesco shares, thus unlawfully
harming Wesco stockholders. In particular, Wesco shares have traded as
high as $407.66 as recently as April 29, 2010.
If you own common stock in Wesco and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500 or visit http://www.zlk.com/wesco.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.