The Law Office of Abe Shainberg is investigating the Board of Directors of International Coal Group, Inc. (NYSE: ICO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Arch Coal, Inc. (NYSE: ACI). Under the terms of the proposed transaction, Arch Coal will pay ICG shareholders $14.60 per share for a total transaction value of approximately $3.4 billion.
The investigation concerns whether the ICG Board of Directors breached their fiduciary duties to ICG stockholders by failing to adequately shop the Company before entering into this transaction and whether Arch Coal, Inc. is underpaying for ICG shares.
If you own common stock in ICG and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at email@example.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/international-coal.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. Attorney advertising. Prior results do not guarantee similar outcomes.