NEW YORK, March 5, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Mobile Mini, Inc. ("MINI" or the "Company") (NASDAQ: MINI) in connection with the proposed acquisition of the Company by WillScot Corporation ("WSC") (NASDAQ: WSC). Under the terms of the acquisition agreement, MINI shareholders will receive 2.4050 shares of WSC for each share of MINI they own, representing consideration of $40.42 based on MINI's March 4 opening price.
If you own MINI shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
http://www.weisslawllp.com/mobile-mini-inc/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw is investigating whether MINI's Board of Directors acted to maximize shareholder value prior to entering into the acquisition agreement. Notably, at least one analyst set a target price of $53.00, or approximately $13.00 above the per-share consideration. Moreover, the acquisition will grant WSC access to MINI's diverse portfolio of leading brands and expand its geographic footprint.
Finally, upon closing of the transaction, WSC and its shareholders will own the majority share of the combined company with a 54% stake, leaving to MINI shareholders the remaining 46%.
Given these facts, WeissLaw is concerned whether the proposed acquisition agreement undervalues the Company, whether the Board ran a fair process, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP
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