The Law Offices of Vincent Wong Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Pactiv...
18 Agosto 2010 - 9:32PM
Business Wire
The Law Offices of Vincent Wong is investigating the Board of
Directors of Pactiv Corporation (“Pactiv” or the “Company”) (NYSE:
PTV) for possible breaches of fiduciary duty and other violations
of state law in connection with their attempt to sell the Company
to Reynolds Group Holdings Limited ("Reynolds") for $33.25 in cash
per share. The total transaction value is approximately $6.0
billion.
The investigation concerns whether the Pactiv Board of Directors
breached their fiduciary duties to Pactiv stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Reynolds is underpaying for Pactiv shares.
At least one analyst set a price target for Pactiv stock of $35.00
per share.
If you own common stock in Pactiv and wish to obtain additional
information about this investigation and what is being done to
advance the shareholders’ interests, please contact Vincent Wong,
Esq. directly, via email at vw@wongesq.com, by telephone at
212.584.2740, or visit http://www.wongesq.com/pactiv.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights.
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