The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Smurfit-St...
26 January 2011 - 3:14AM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Smurfit-Stone Container Corporation (NYSE: SSCC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to RockTenn (NYSE:
RKT). Under the terms of the transaction, Smurfit-Stone
shareholders will receive 0.30605 shares of RockTenn common stock
and $17.50 in cash, for an aggregate value of $35 per Smurfit-Stone
common stock. The transaction has a total value of approximately
$3.5 million.
The investigation concerns whether the Smurfit-Stone Board of
Directors breached their fiduciary duties to Smurfit-Stone
stockholders by failing to adequately shop the Company before
entering into this transaction and whether RockTenn is underpaying
for Smurfit-Stone shares.
If you own common stock in Smurfit-Stone and wish to obtain
additional information, please contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/smurfit-stone.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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