Mississauga, ON -- (SBWIRE) -- 03/07/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Shareholder Aims to Block Merger of Tyhee Gold and Santa Fe Gold.”
Companies mentioned in this article include Tyhee Gold Corp. (TSX-Venture:TDC) and Santa Fe Gold Corp. (OTCQB:SFEG).
It’s certainly not in every instance, although sometimes it seems like it, when a merger is announced some law firm pops out a new release informing shareholders that a law firm is investigating the transaction for any possible breach of fiduciary duty. It’s the ambulance chaser gone digital. A quick Google search will show you just how frequently lawsuits are brought against a company and its board members when they scratch a deal to merge with another company. In plenty of instances, some shareholder doesn’t agree that the price is right.
By the way, we didn’t go through them all of course, but a Google search for “investor files lawsuit fiduciary duty merger” and it yielded more than 400,000 results. Think we’ll see one with the freshly minted pact to blend Albertsons and Safeway (NYSE:SWY)? Probably.
It is not always the mega-mergers that have shareholders taking it to a judge. Tyhee Gold Corp. (TSX-Venture:TDC) said today that an alleged stakeholder in Santa Fe Gold Corp. (OTCQB:SFEG) has stepped up and cried “fiduciary foul” in a bid to stop the two companies from joining. A quick look at Santa Fe shows that they disclosed the lawsuit on Wednesday.
The full version of this article can be found at:
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