The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Volcom, In...
05 Maio 2011 - 1:35PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Volcom, Inc. (Nasdaq: VLCM) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to a subsidiary of PPR SA. According to the
proposed deal, Volcom shareholders will receive $24.50 per share
for a transaction having a total value of approximately $516
million.
The investigation concerns whether the Volcom Board of Directors
breached their fiduciary duties to Volcom stockholders by failing
to adequately shop the Company before entering into this
transaction and whether PPR SA is underpaying for Volcom shares.
According to Thomson/First Call, at least one analyst placed a
price target for Volcom stock at $25 per share.
If you own common stock in Volcom and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/volcom.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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