DETROIT – A class of shareholders claims in a federal lawsuit that metal parts maker Metaldyne’s proposed $1.6 billion sale to American Axle & Manufacturing undervalues Metaldyne stock by more than $8 a share.
The lead plaintiff is Brian Zimmer. The defendants are Metaldyne Performance Group Inc., George Thanopoulos, Kevin Penn, Loren Easton, Michael Fisch, Nick Bhambri, William Jackson, Jeffrey Stafeil and John Pearson Smith.
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