Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Smurfit-Stone Container Corporation
29 Janeiro 2011 - 1:01PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Smurfit-Stone Container Corporation (NYSE: SSCC)
(referred to as "Smurfit-Stone" or the “Company”) by Rock-Tenn
Company (“Rock-Tenn”) in a stock and cash transaction valued at
approximately $3.5 billion consisting of approximately $1.8 billion
of cash and the issuance of 30.9 million shares of Rock-Tenn common
stock.
Under the terms of the definitive agreement, which has been
approved by both companies' boards of directors, Smurfit-Stone
shareholders will be entitled to receive 0.30605 shares of
Rock-Tenn common stock and $17.50 in cash. The aggregate
consideration, consisting of 50% cash and 50% RockTenn stock, is
valued at $35 per-share of Smurfit-Stone common stock. Following
the acquisition, Rock-Tenn shareholders will own approximately 56%
and Smurfit-Stone shareholders will own 44% of the combined
company.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders. If you are a holder of Smurfit-Stone stock and want
to discuss your legal rights, you may e-mail or call Bull &
Lifshitz, LLP who will, without obligation or cost to you, attempt
to answer your questions.
If you are a shareholder of Smurfit-Stone and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Smurfit-Stone.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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