Law Firm Brower Piven Announces Investigation in Connection With the Acquisition of Spartech Corporation by PolyOne Corporation
2012年10月26日 - 1:16AM
ビジネスワイヤ(英語)
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of Spartech Corp.(“Spartech”) (NYSE: SEH)
and other violations of state law by the board of directors of
Spartech relating to the proposed acquisition of the company by
PolyOne Corporation (“PolyOne”). The firm’s investigation seeks to
determine, among other things, whether the board breached their
fiduciary duties by failing to maximize shareholder value.
On October 24, 2012, Spartech and PolyOne announced that they
have entered into a definitive agreement providing for PolyOne to
acquire Spartech for $393 million (including the assumption of
debt). Under the terms of the merger agreement, Spartech
shareholders will receive $2.67 per share in cash and 0.3167 shares
of PolyOne common stock for each share of Spartech common stock
held.
If you currently own shares of Spartech and would like to learn
more about the investigation being conducted by Brower Piven, you
may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
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