The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of The Ta...
May 08 2012 - 6:20PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
The Talbots, Inc. (“Talbots” or the “Company”) (NYSE: TLB) for
possible breaches of fiduciary duty and other violations of state
law in connection with the receipt of a proposal from Sycamore
Partners to acquire Talbots for $3.05 per share. The proposed
transaction would have a total approximate value of $215
million.
Click here to learn how to join the action:
http://www.zlk.com/talbots-tlb, or call: 877-363-5972. There is no
cost or obligation to you.
The investigation concerns whether the Board of Directors is
engaging in adequate process to review the proposed transaction,
and whether the consideration to be paid would be fair and
adequate. In particular, at least one analyst set a price target
for Talbots stock at $4.00 per share.
If you own common stock in Talbots 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 visit http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
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