Rigrodsky & Long, P.A. Announces Investigation Of Spartech Corporation Buyout
2012年10月24日 - 11:36PM
ビジネスワイヤ(英語)
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Spartech
Corporation (“Spartech” or the “Company”) (NYSE: SEH) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
PolyOne Corporation (“PolyOne”) (NYSE: POL) in a transaction valued
at approximately $393 million, including the assumption of net
debt.
Click here to learn more:
http://www.rigrodskylong.com/investigations/spartech-corporation-seh.
Under the terms of the proposal, public shareholders of Spartech
will receive $2.67 in cash and 0.3167 shares of PolyOne common
stock for each share of Spartech they own. Based on PolyOne’s
closing stock price of $16.84 on October 23, 2012, Spartech
shareholders would have received consideration valued at
approximately $8.00 per share.
The investigation concerns whether Spartech’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Spartech’s shareholders before entering into an agreement
with PolyOne.
If you own the common stock of Spartech and purchased your
shares before October 24, 2012, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/spartech-corporation-seh.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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