SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of SeaBright Holdings, Inc. In Connection With The Sale Of The Company To Enstar Group Limited
Levi & Korsinsky is investigating the Board of Directors of SeaBright
Levi & Korsinsky is investigating the Board of Directors of SeaBright Holdings, Inc. (“SeaBright” or the “Company”) (NYSE: SBX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Enstar Group Limited (Nasdaq: ESGR). Click here to learn more about the investigation: http://zlk.9nl.com/seabright-holdings-sbx, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, SeaBright shareholders will receive $11.11 for each share of SeaBright stock they own. The transaction has an approximate total value of $252 million. The investigation concerns whether the SeaBright Board of Directors breached their fiduciary duties to SeaBright stockholders by failing to adequately shop the Company before entering into this transaction and whether Enstar Group Limited is underpaying for SeaBright shares, thus unlawfully harming SeaBright stockholders. In particular, SeaBright has a reported a book value of $16.51 per share for the most recent quarter. If you own common stock in SeaBright and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/seabright-holdings-sbx. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
The ex-dividend date for SeaBright Holdings (NYSE:SBX) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $6.99 as of 9:32 a.m., the dividend yield is 3%.