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Company News: Largest Shareholder Opposes Metalico Purchase | June 17, 2015

Largest Shareholder Opposes Metalico Purchase

CRANFORD, N.J. – Total Merchant Ltd.’s proposed $105 million purchase of Metalico Inc. is facing opposition from its largest shareholder and an investigation by a shareholder rights law firm into whether members of Metalico’s board of directors breached their fiduciary responsibilities to shareholders. Metalico announced Tuesday that its board agreed to sell the company to […]