An investigation on behalf of investors, who currently hold shares of Central Steel and Wire Company (OTC: CSTW), was announced concerning whether the takeover of Central Steel and Wire Company is unfair to CSTW stockholders.

The investigation by a law firm concerns whether certain officers and directors of Central Steel and Wire Company breached their fiduciary duties owed to OTC: CSTW investors in connection with the proposed acquisition.

Chicago, IL based Central Steel and Wire Company, together with its subsidiaries, distributes processed and unprocessed ferrous and nonferrous metals in the Midwest.

On June 5, 2018, Central Steel & Wire Company (OTCPK: CSTW) announced its entry into a merger agreement to be acquired by Joseph T. Ryerson & Son, Inc., a Delaware corporation and wholly-owned subsidiary of Ryerson Holding Corporation (Ryerson) (NYSE: RYI). The deal is subject to certain conditions, but represents an approximate value of $669 per share.

However, the investigation concerns whether the offer is unfair to Central Steel and Wire Company (OTC: CSTW stockholders. More specifically, the investigation concerns whether the Central Steel and Wire Company (OTC: CSTW Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On June 18, 2018, Central Steel and Wire Company (OTC: CSTW) shares closed at $630.00 per share.