Faruqi & Faruqi, LLP Announces Investigation of Temple-Inland, Inc.
2011年9月9日 - 7:30AM
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 Temple-Inland, Inc. (“Temple-Inland” or the “Company”)
(NYSE: TIN) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
its rival, International Paper Co. (NYSE: IP), in an all-cash deal
valued at about $3.7 billion. Under the terms of the proposed
transaction, Temple-Inland stockholders will receive $32 in cash
per each share of Temple-Inland they own, while, according to
Yahoo! Finance, at least one financial analyst has set a price
target of $37 for Temple-Inland. The transaction has already been
approved by both boards of directors.
Request more information now by clicking here:
www.faruqilaw.com/TIN.
Whether Temple-Inland’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 the proposed transaction
undervalues Temple-Inland’s shares and by how much this proposed
transaction undervalues the Company to the detriment of
Temple-Inland’s shareholders are the key focus of this
investigation.
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 Temple-Inland and wish to obtain
additional information, please visit us at www.faruqilaw.com/TIN 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) 2011 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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