According to the Complaint, Global Brass and Copper Holdings, Inc., through its wholly-owned principal operating subsidiary, Global Brass and Copper, Inc., is a leading, value-added converter, fabricator, processor, and distributor of specialized non-ferrous products in North America.
This action stems from a proposed transaction announced on April 10, 2019, pursuant to which Global Brass and Copper Holdings, Inc. will be acquired by Wieland-Werke AG and its affiliates. Pursuant to the terms of the Merger Agreement, GBC’s stockholders will receive $44.00 in cash for each share of GBC common stock they own.
On May 10, 2019, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction.
The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed
Transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed on May 31, 2019.