State Auto Financial Corporation
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STATE AUTO MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF STATE AUTO FINANCIAL CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – STFC
July 12, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of State Auto Financial Corporation (NASDAQ: STFC) to Liberty Mutual Holding Company Inc. for $52.00 per share in cash is fair to State Auto shareholders.
The investigation concerns whether State Auto and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for State Auto shareholders; (2) determine whether Liberty Mutual is underpaying for State Auto; and (3) disclose all material information necessary for State Auto shareholders to adequately assess and value the merger consideration. On behalf of State Auto shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
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