September 01, 2014 11:23 PM ET

Trading Companies and Distributors

Company Overview of Edgen Group Inc.

Company Overview

Edgen Group Inc., through its subsidiaries, distributes specialty steel products to the energy sector. The company offers steel plates, sections, pipes and structural beams, columns, channels, valves, and welded pipes. Edgen Group Inc. was founded in 2011 and is based in Baton Rouge, Louisiana. As of November 20, 2013, Edgen Group Inc. operates as a subsidiary of Sumitomo Corporation of America.

18444 Highland Road

Baton Rouge, LA 70809

United States

Founded in 2011

597 Employees

Phone:

225-756-9868

Fax:

302-655-5049

Key Executives for Edgen Group Inc.

Chairman
Age: 58
Chief Financial Officer
Age: 64
President of Oil Country Tubular Goods
Age: 59
President of E & I Segment - Edgen Murray Corporation
Age: 59
Senior Vice President of Americas - Edgen Murray Brand
Age: 45
Compensation as of Fiscal Year 2014.

Edgen Group Inc. Key Developments

Edgen Group Inc.(NYSE:EDG) dropped from Russell 2000 Index

Edgen Group Inc. will be removed from Russell 2000 Index.

Edgen Group Inc.(NYSE:EDG) dropped from Russell 3000 Index

Edgen Group Inc. will be removed from Russell 3000 Index.

Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by Board of Edgen Group in Connection with Sale of Company

Levi & Korsinsky notified investors of Edgen Group Inc. of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the company to Sumitomo Corporation. A complaint was filed in Louisiana District Court. Under the terms of the transaction, Edgen shareholders will receive $12.00 for each share of Edgen stock they own. The transaction has a total approximate value of $520 million. The claims concern whether the Edgen Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Sumitomo Corporation is underpaying for Edgen shares.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 1, 2013
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