NEW YORK, July 7, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of West Marine, Inc.
("WMAR" or the "Company") (NASDAQ: WMAR) in connection with the
proposed acquisition of the Company by New York-based private equity fund Monomoy
Capital Partners. Under the terms of the acquisition
agreement, the Company's shareholders will receive $12.97 in cash for each WMAR share they own.
WeissLaw is investigating whether WMAR's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the Company recently announced promising financial
results. It reported that gross margins improved to 25.5% and
a 9.5% increase in sales from eCommerce in the first quarter of
2017.
Given these facts, WeissLaw is investigating whether WMAR's
Board acted in the best interests of public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own WMAR shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Mark Smilow by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/west-marine-inc/.
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SOURCE WeissLaw LLP