Buyout of Silverleaf Resorts Investigated by Tripp Levy PLLC on Behalf of Silverleaf Shareholders
07 Fevereiro 2011 - 4:02PM
Business Wire
Tripp Levy PLLC, a leading national securities law firm,
announces an investigation into the proposed acquisition of
Silverleaf Resorts, Inc. (NASDAQ: SVLF) by SL Resort Holdings Inc.,
an affiliate of Cerberus Capital Management, L.P. Under the terms
of the transaction, Silverleaf shareholders will receive $2.50 per
share in cash.
The investigation concerns, among other things, whether the
consideration to be paid to Silverleaf shareholders is grossly
unfair, inadequate, and substantially below the fair or inherent
value of Silverleaf. Indeed, the $2.50 per share offer is well
below the book value of Silverleaf ($5.47 per share). The
investigation further concerns whether the directors of Silverleaf
may not be acting in Silverleaf shareholders' best interests in
connection with the proposed transaction.
If you own Silverleaf common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Tripp Levy Tripp Levy PLLC 125 East 82nd Street 9th Floor New York,
New York Toll Free: 877-772-3975
Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in
mergers & acquisitions, takeover litigation, shareholder
rights, and corporate governance matters in state and federal
courts throughout the United State.
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