Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of SeaBright Holdings, Inc. (“SeaBright” or the “Company”) (NYSE: SBX) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Enstar Group Limited (“Enstar”) (NASDAQ GS: ESGR) in a transaction valued at approximately $252 million. Click here to learn more: http://www.rigrodskylong.com/investigations/seabright-holdings-inc-sbx. Under the terms of the proposal, public shareholders of SeaBright will receive $11.11 per share in cash for each share of SeaBright they own. The investigation concerns whether SeaBright’s board of directors failed to adequately shop the Company and obtain the best possible value for SeaBright’s shareholders before entering into an agreement with Enstar. If you own the common stock of SeaBright and purchased your shares before August 27, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/seabright-holdings-inc-sbx. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
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%.