On May 18, 2021, Core-Mark announced that it had signed an agreement to be acquired by PFG for approximately $2.5 billion. Pursuant to the merger agreement, Core-Mark stockholders will receive $23.875 in cash and 0.44 shares of PFG common stock for each share of Core-Mark common stock owned. The deal is scheduled to close in the first half of 2022.
Bragar Eagel & Squire is concerned that Core-Mark’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Core-Mark’s stockholders.
If you own shares of Core-Mark and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email or telephone. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. Attorney advertising. Prior results do not guarantee similar outcomes.