Penn Millers Corporation Merger Litigation (Nasdaq: PMIC)

Law Office of Brodsky & Smith, LLC Announces Investigation of Penn Millers Holding Corporation 
 
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Penn Millers Corporation. (“Penn Millers” or the “Company”) (Nasdaq - PMIC- News) relating to the proposed acquisition by a subsidiary of ACE Limited.  
 
Under the terms of the proposed transaction Penn Millers shareholders would receive $20.50 in cash for each share Penn Millers stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Penn Millers for not acting in the Company’s shareholders' best interests in connection with the sale process to ACE Limited. The Board of directors may not have adequately shopped the Company before entering into this transaction and ACE Limited may be underpaying for the Company.  
 
If you own shares of Penn Millers stock 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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