Law Office of Brodsky & Smith, LLC Announces Investigation of Spartech Corporation
2012年10月28日 - 1:30AM
ビジネスワイヤ(英語)
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)
relating to the proposed acquisition by PolyOne Corporation.
(“PolyOne”).
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.
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