Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Sealy Corporation (ZZ)
29 September 2012 - 8:50AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Sealy Corporation (“Sealy” or the “Company”) (NYSE:
ZZ) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Tempur-Pedic
International Inc. (NYSE: TPX) in an all-cash deal valued at
approximately $2.7 billion. Under the terms of the proposed
transaction, Sealy’s stockholders will receive $2.20 in cash for
each share of Sealy’s common stock they own.
Request more information now by clicking here:
www.faruqilaw.com/Sealy. There is no cost or
obligation to you.
The investigation focuses on whether Sealy’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Sealy’s shareholders.
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, throughout 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 Sealy and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/Sealy 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) 2012 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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