NEW YORK, Feb. 8, 2023 /PRNewswire/ — Weiss Legislation is investigating potential breaches of fiduciary responsibility and different violations of legislation by the board of administrators of Argo Group Worldwide Holdings, Ltd. (“Argo” or the “Firm”) (NYSE: ARGO), in reference to the proposed acquisition of the Firm by Brookfield Reinsurance Ltd. (NYSE: BNRE). Beneath the phrases of the merger settlement, the Firm’s shareholders will obtain $30.00 in money for every share of Argo widespread share owned. The transaction is valued at roughly $1.1 billion.

In the event you personal Argo shares and want to focus on this investigation or have any questions regarding this discover or your rights or pursuits, go to our web site:

https://www.weisslaw.co/news-and-cases/osh

Or please contact:

Joshua Rubin, Esq.

Weiss Legislation

305 Broadway, 7th Ground

New York, NY 10007

(212) 682-3025

(888) 593-4771

[email protected]

Weiss Legislation is investigating whether or not (i) Argo’s board of administrators acted in the very best pursuits of Firm shareholders in agreeing to the proposed transaction, (ii) the $30.00 per share merger consideration adequately compensates Argo’s shareholders, and (iii) all info relating to the gross sales course of and valuation of the transaction might be totally and pretty disclosed.

Weiss Legislation has litigated a whole lot of stockholder class and by-product actions for violations of company and fiduciary duties. We’ve got recovered over a billion {dollars} for defrauded shoppers and obtained essential company governance reduction in lots of of those instances. If in case you have info or would really like authorized recommendation regarding potential company wrongdoing (together with insider buying and selling, waste of company belongings, accounting fraud, or materially deceptive info), client fraud (together with false promoting, faulty merchandise, or different misleading enterprise practices), or anti-trust violations, please e-mail us at [email protected]

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SOURCE Weiss Legislation