Faruqi & Faruqi LLP, a leading national securities firm headquartered in New York City, is investigating the board of directors of Commercial Metals Company for potential breaches of fiduciary duties in connection with their conduct related to the proposed sale of the Company to Icahn Enterprises LP in an all cash deal valued at about USD 1.73 billion.

The proposed transaction offers Commercial Metals stockholders USD 15 in cash for each share of Commercial Metals common stock they own, while according to Yahoo Finance, at least one financial analyst has set a price target of USD 18 for Commercial Metals.

Whether Commercial Metals' board of directors is acting in accordance with their fiduciary duties to Commercial Metals' stockholders to conduct an adequate and fair sales process to sell the Company, whether the proposed transaction undervalues Commercial Metals’ shares, whether Commercial Metals' board of directors is adequately negotiating a price increase for the proposed transaction and by how much this proposed transaction undervalues the company to the detriment of Commercial Metals' shareholders are the key focus of this investigation.