The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of RSC Holdings...
January 17 2012 - 12:48PM
Marketwired
Levi & Korsinsky notifies investors of RSC Holdings Inc. ("RSC"
or the "Company") (NYSE: RRR) of claims of breaches of fiduciary
duty and other violations of state law against the board of
directors of the Company in connection with the sale of the Company
to United Rentals, Inc. (NYSE: URI). Under the terms of the
transaction, RSC shareholders will receive $10.80 in cash and about
0.28 of a share of United Rentals, Inc. stock for each RSC share
they own. Based on prior closing prices, the transaction values RSC
stock at approximately $18 per share for a total transaction value
of approximately $4.2 billion, including $2.3 billion in assumed
debt. A complaint was filed in Arizona state court.
Click here to learn how to join the action:
http://zlk.9nl.com/rsc-holdingsinc-rrr, or call: 877-363-5972.
The claims concern whether the RSC Board of Directors breached
their fiduciary duties to RSC stockholders by failing to adequately
shop the Company before entering into this transaction and whether
United Rentals, Inc. is underpaying for RSC shares, thus unlawfully
harming RSC stockholders.
If you own common stock in RSC and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or http://www.zlk.com/rsc-holdings-rrr.html.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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