Law Office of Brodsky & Smith, LLC Announces Investigation of White River Capital, Inc.
November 23 2012 - 8:00AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
White River Capital, Inc. (“White River” or the “Company”) (NYSE:
RVR) relating to the proposed acquisition by Parthenon Capital
Partners (“Parthenon”).
Under the terms of the transaction, White River shareholders
will receive only $21.93 in cash for each share of White River
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of White River for not acting in the Company’s
shareholders' best interests in connection with the sale process to
Parthenon. The transaction may undervalue the Company and will
result in no substantial gain or even a loss for many White River
shareholders. For example White River stock traded at $26.50 on
December 5, 2011 and $22.94 as recently as October 12, 2012.
If you own shares of White River 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/507-rvr-white-river-capital-inc.html, by
calling toll free 877-LEGAL-90.
White River Capital (NYSE:RVR)
Historical Stock Chart
From Aug 2024 to Sep 2024
White River Capital (NYSE:RVR)
Historical Stock Chart
From Sep 2023 to Sep 2024