Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Smurfit-Stone Container Corp. - SSCC
26 Janeiro 2011 - 4:24PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Smurfit-Stone Container Corp. (“Smurfit” or the
“Company”) (NYSE: SSCC) for potential breaches of fiduciary duties
in connection with their conduct related to the sale of the Company
to Rock-Tenn Company (“Rock-Tenn”) (NYSE: RKT) for an estimated
$3.5 billion in cash and stock. The proposed 50% cash and 50% stock
transaction offers Smurfit shareholders to only receive $17.50 in
cash plus 0.30605 share of Rock-Tenn for each share of Smurfit, an
aggregate value of approximately $35 per share of Smurfit common
stock.
Request more information now by clicking here:
www.faruqilaw.com/SSCC
Whether the Smurfit’s Board of Directors breached their
fiduciary duties to Smurfit’s stockholders by failing to conduct an
adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues Smurfit’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
Smurfit shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Smurfit and wish to obtain additional
information, please visit us at www.faruqilaw.com/SSCC or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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