North American Galvanizing & Coating, Inc. Merger Litigation (Nasdaq: NGA)

Law Office of Brodsky & Smith, LLC Announces Investigation of North American Galvanizing & Coating, Inc. 
 
BALA CYNWYD – (BUSSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of North American Galvanizing & Coating, Inc. (“NGA” or the “Company”) (Nasdaq: NGA – News) relating to the proposed acquisition by a subsidiary of AZZ, Inc. (“AZZ”). Under the terms of the tender offer, NGA shareholders would receive $7.50 for each share of NGA stock they own. In the second step, the tender offer will be followed by a merger in which any remaining shares of NGA common stock will be converted into the right to receive the same cash price paid in the tender offer, and NGA will cease to be a public company. 
 
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the NGA board’s approval of the proposed acquisition. Specifically, NGA shareholders need additional information to know what actions the board took to adequately shop the Company before entering into this transaction and whether AZZ is underpaying for NGA, given that NGA stock traded at $7.40 a share on June 8, 2009.  
 
If you own shares of NGA and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90. 

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