Bull & Lifshitz, LLP Announces Investigation of Temple-Inland Inc.
08 Setembro 2011 - 11:00PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Temple-Inland Inc. (NYSE: TIN) (referred to as
"Temple-Inland" or the “Company”) to International Paper Co.
(“International Paper”) in a cash transaction valued at
approximately $4.3 billion.
Under the terms of the agreement, International Paper will
acquire all of the outstanding common stock of Temple-Inland for
$32.00 per share in cash, plus the assumption of $600 million in
Temple-Inland's year end debt. As contemplated by the merger
agreement, International Paper will terminate its existing tender
offer to acquire all of the outstanding common shares of
Temple-Inland for $30.60 per share, and Temple-Inland will hold a
special meeting of its stockholders to vote on the transaction.
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 Temple-Inland common 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 Temple-Inland and would like more
information about our investigation, please contact Joshua M.
Lifshitz, 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 Temple.
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. © 2011 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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