Tripp Levy PLLC Announces Lawsuit Against American Italian Pasta By Shareholders
30 June 2010 - 3:08AM
Business Wire
Tripp Levy PLLC announces that a lawsuit on behalf of current
shareholders of American Italian Pasta Co. (NASDAQ: AIPC) was filed
in the Court of Chancery in the State of Delaware on June 28, 2010.
On or about June 21, 2010, AIPC announced that it had entered into
a definitive agreement to be acquired by Ralcorp in a cash
transaction by means of an all-cash tender offer for $53 per share
or approximately $1.2 billion, net of cash acquired. The tender
offer is currently set to expire on July 22, 2010.
The lawsuit alleges, among other things, that the proposed
transaction is unfair as the Schedule 14D-9 (Solicitation and
Recommendation Statement to shareholders) contains materially
incomplete and misleading disclosures thus preventing shareholders
from being able to make a fully informed decision as to whether or
not to tender their shares in support of the proposed
transaction.
If you own AIPC common stock and you wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact
Tripp LevyTripp Levy PLLC125 East 82nd Street9th FloorNew York,
New YorkToll Free: 877-772-3975Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in
mergers & acquisitions, takeover litigation, shareholder
rights, and corporate governance matters in state and federal
courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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