THE NATIONAL SECURITY GROUP ALERT: Bragar Eagel & Squire, PC, Investigate NSEC Merger… | News

NEW YORK, 01 Feb. 10, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, has launched an investigation into whether officers or directors of The National Security Group, Inc. (NASDAQ: NSEC) (“NSG”) breached its fiduciary duties or violated federal securities laws in connection with the acquisition of the company by VR Insurance Holdings, Inc (“VR Holdings”) .

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On January 27, 2022, NSG announced that it had reached an agreement for acquisition by VR Holdings in a transaction valued at approximately $41.4 million. Pursuant to the merger agreement, NSG shareholders will receive $16.35 in cash for each share of NSG common stock held.

Bragar Eagel & Squire fears NSG’s board oversaw an unfair process and ultimately agreed to an inadequate merger deal. Accordingly, the company is reviewing all relevant aspects of the agreement and is committed to ensuring the best possible outcome for NSG shareholders.

If you hold NSG stock and are concerned about the proposed merger, or would like to know more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at fusions@bespc.com or by phone at (646) 860-9157, or by by filling out this contact form. There is no cost or obligation for you.

About Bragar Eagel & Squire, PC: Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.

Contact Information: Bragar Eagel & Squire, PC Melissa Fortunato, Esq. Alexandra Raymond, Esq. investigations@bespc.comwww.bespc.com

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