San Diego, CA -- (SBWIRE) -- 01/14/2015 -- An investor, who currently holds shares of Meadowbrook Insurance Group, Inc. (NYSE:MIG), filed a lawsuit in effort to halt the proposed takeover of Meadowbrook Insurance Group, Inc. by Fosun International Limited for $8.65 per share.

Investors who purchased shares of Meadowbrook Insurance Group, Inc. (NYSE:MIG) and currently hold any of those NYSE:MIG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:MIG stockholders by agreeing to sell Meadowbrook Insurance Group, Inc too cheaply via an unfair process to Fosun International Limited.

On December 30, 2014, Fosun International Limited (HKEx stock code: 00656, together with its subsidiaries, "Fosun") and Meadowbrook Insurance Group, Inc. (NYSE: MIG) announced that they have entered into a definitive agreement under which Fosun will acquire Meadowbrook for US$8.65 per share in cash, representing an aggregate transaction value of approximately US$433 million.

However, the plaintiff claims that the offer is too low and undervalues Meadowbrook Insurance Group, Inc. Indeed, NYSE:MIG shares traded in July 2013 as high as $8.68 per share and that at least one analyst has set the high target price for NYSE:MIG shares at $8.00 per share. In addition, the plaintiff claims that the process is also unfair to NYSE:MIG stockholders.

On January 12, 2015, NYSE:MIG shares closed at $8.35 per share.

Those who are current investors in Meadowbrook Insurance Group, Inc. (NYSE:MIG) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com