The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of RC2 Corp. ...
March 14 2011 - 11:36AM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of RC2 Corporation (Nasdaq: RCRC) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to Tomy Company, Ltd. (Tokyo Stock
Exchange, First Section: 7867). Under the terms of the proposed
transaction, RC2 shareholders will receive $27.90 per share for a
total transaction value of approximately $640 million.
The investigation concerns whether the RC2 Board of Directors
breached their fiduciary duties to RC2 stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Tomy is underpaying for RC2 shares. According to Yahoo!
Finance, at least one analyst set a price target of $29.00 per
share of RC2 stock.
If you own common stock in RC2 and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at
as@ashainberglaw.com or by telephone at (212) 425-7286, or visit
http://www.ashainberglaw.com/rc2-rcrc.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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