Wesco Financial (AMEX:WSC)
Historical Stock Chart
3 Years : From May 2010 to May 2013
The Law Office of Abe Shainberg is investigating the Board of Directors
of Wesco Financial Corp. (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. (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. Wesco shares have
traded as high as $407.66 as recently as April 29, 2010, and, for the
most recent quarter, reported a book value of $352.66 per share.
If you own common stock in Wesco and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com
or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/wesco.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various matters
nationwide.
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