Law Office of Brodsky & Smith, LLC Announces Investigation of
Spartech Corporation
BALA CYNWYD, Pa., Oct. 24, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Spartech
Corporation ("Spartech" or the "Company") (NYSE- SEH-News) relating
to the proposed acquisition by PolyOne Corporation ("PolyOne")
(NYSE: POL).
Under the terms of the transaction, Spartech shareholders will
receive only $2.67 in cash and 0.3167
shares of PolyOne common stock for each share of Spartech stock
they own. The transaction values Spartech stock at approximately
$8.00 per share. The investigation
concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Spartech for not acting
in the Company's shareholders' best interests in connection with
the sale process to PolyOne. The transaction may undervalue the
Company as Spartech stock traded today at $8.38 per share and traded at $8.79 a share on February
11, 2011.
If you own shares of Spartech stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/492-seh-spartech-corporation-.html, by
calling toll free 877-LEGAL-90.
Attorney Advertising. Past results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC