{"id":66052,"date":"2020-08-31T13:18:00","date_gmt":"2020-08-31T13:18:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2722235"},"modified":"2020-08-31T13:18:00","modified_gmt":"2020-08-31T13:18:00","slug":"shareholder-alert-weisslaw-llp-investigates-bmc-stock-holdings-inc","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/08\/31\/shareholder-alert-weisslaw-llp-investigates-bmc-stock-holdings-inc\/","title":{"rendered":"SHAREHOLDER ALERT: WeissLaw LLP Investigates BMC Stock Holdings, Inc."},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"122\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/08\/4000-1-18-2.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<p>WeissLaw LLP&nbsp;is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BMC Stock Holdings, Inc. &nbsp;in connection with the proposed acquisition of the Company by Builders FirstSource, Inc. . &nbsp;Under the terms of the merger agreement, BMCH shareholders will receive 1.3125 BLDR shares for each share of BMCH common stock they own, representing implied per-share merger consideration of&nbsp;<span class=\"xn-money\">$36.63<\/span>&nbsp;based upon BLDR&#8217;s&nbsp;<span class=\"xn-chron\">August 26, 2020<\/span>&nbsp;closing price of&nbsp;<span class=\"xn-money\">$27.91<\/span>.&nbsp; At closing, current BMCH shareholders will only own a 43% stake in the new entity.<\/p>\n<p class=\"prntac\"><strong>Or please contact:<br class=\"dnr\" \/><\/strong><strong><span class=\"xn-person\">Joshua Rubin, Esq.<\/span><br class=\"dnr\" \/><\/strong>WeissLaw LLP<br class=\"dnr\" \/>1500 Broadway, 16<sup>th<\/sup>&nbsp;Floor<br class=\"dnr\" \/><span class=\"xn-location\">New York<\/span>, NY&nbsp; 10036<br class=\"dnr\" \/><strong>(212)&nbsp;682-3025<br class=\"dnr\" \/><\/strong><strong>(888) 593-4771<br class=\"dnr\" \/>stockinfo@weisslawllp.com<\/strong><\/p>\n<p>WeissLaw is investigating whether BMCH&#8217;s board acted in the best interest of BMCH&#8217;s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of BLDR, and whether the deal&#8217;s equity split is fair to BMCH shareholders.&nbsp; Notably, it appears that the Company&#8217;s CEO&nbsp;<span class=\"xn-person\">Dave Flitman<\/span>&nbsp;has secured employment for himself upon completion of the transaction, calling into doubt whether the negotiations with respect to this transaction were truly arm&#8217;s length.&nbsp;<\/p>\n<p>WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.&nbsp; We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.&nbsp; 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&nbsp;<strong>stockinfo@weisslawllp.com<\/strong><\/p>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/weisslawllp.com\" target=\"_blank\">http:\/\/weisslawllp.com<\/a><br \/><b>Contact Information:<\/b><br \/>Joshua Rubin, Esq.<br \/>\nWeissLaw LLP<br \/>\n1500 Broadway, 16thFloor<br \/>\nNew York, NY 10036<br \/>\n(212)682-3025<br \/>\n(888) 593-4771<br \/>\nstockinfo@weisslawllp.com<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/legal-newswire\/\" rel=\"category tag\">Legal Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Joshua Rubin, Esq.<br \/>\nWeissLaw LLP<br \/>\n1500 Broadway, 16th\u00a0Floor<br \/>\nNew York, NY\u00a0 10036<br \/>\n(212)\u00a0682-3025<br \/>\n(888) 593-4771<br \/>\nstockinfo@weisslawllp.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"122\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/08\/4000-1-18-2.jpg\" alt=\"\">WeissLaw LLP&nbsp;is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BMC Stock Holdings, Inc. &nbsp;in connection with the proposed acquisition of the Company by Builders FirstSource, Inc. . &nbsp;Under the terms of the merger agreement, BMCH shareholders will receive 1.3125 BLDR shares for each share of &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/08\/31\/shareholder-alert-weisslaw-llp-investigates-bmc-stock-holdings-inc\/\">Continue reading <span>SHAREHOLDER ALERT: WeissLaw LLP Investigates BMC Stock Holdings, Inc.<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/08\/31\/shareholder-alert-weisslaw-llp-investigates-bmc-stock-holdings-inc\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12,22,54],"tags":[],"class_list":["post-66052","post","type-post","status-publish","format-standard","hentry","category-english","category-legal-newswire","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SHAREHOLDER ALERT: WeissLaw LLP Investigates BMC Stock Holdings, Inc. - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2020\/08\/31\/shareholder-alert-weisslaw-llp-investigates-bmc-stock-holdings-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: WeissLaw LLP Investigates BMC Stock Holdings, Inc. - Business\" \/>\n<meta property=\"og:description\" content=\"WeissLaw LLP&nbsp;is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BMC Stock Holdings, Inc. &nbsp;in connection with the proposed acquisition of the Company by Builders FirstSource, Inc. . &nbsp;Under the terms of the merger agreement, BMCH shareholders will receive 1.3125 BLDR shares for each share of &hellip; 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Continue Reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ipsnews.net\/business\/2020\/08\/31\/shareholder-alert-weisslaw-llp-investigates-bmc-stock-holdings-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-31T13:18:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/08\/4000-1-18-2.jpg\" \/>\n<meta name=\"author\" content=\"Asiya\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Asiya\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/08\/31\/shareholder-alert-weisslaw-llp-investigates-bmc-stock-holdings-inc\/\",\"url\":\"https:\/\/ipsnews.net\/business\/2020\/08\/31\/shareholder-alert-weisslaw-llp-investigates-bmc-stock-holdings-inc\/\",\"name\":\"SHAREHOLDER ALERT: WeissLaw LLP Investigates BMC Stock Holdings, Inc. - 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