Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Spartech Corp. (SEH)
2012年10月26日 - 8:00AM
ビジネスワイヤ(英語)
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Spartech Corp. (“Spartech” or the “Company”) (NYSE:
SEH) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to PolyOne
Corporation (“PolyOne”) (NYSE: POL), a premier provider of
specialized polymer materials, services and solutions, in a
cash-and-stock deal valued at approximately $393 million, including
the assumption of Spartech’s net debt of $142 million. Under the
terms of the proposed transaction, Spartech’s stockholders will
receive $2.67 in cash and 0.3167 shares of PolyOne common stock for
each share of Spartech common stock they own. The transaction
values the proposed consideration at approximately $8 based on
PolyOne’s closing stock price on Tuesday, October 23, 2012.
Request more information now by clicking here:
www.faruqilaw.com/SEH. There is no cost or
obligation to you.
The investigation focuses on whether Spartech’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 Spartech’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 Spartech and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/SEH 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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