Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of American Italian Pasta Company
June 21 2010 - 9:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
American Italian Pasta Company (“AIPC” or the “Company”)
(NASDAQ:AIPC) related to the Company’s agreement to be acquired by
Ralcorp Holdings, Inc. (“Ralcorp”). The proposed cash transaction
is valued at approximately $1.2 billion.
Under the terms of the definitive merger agreement entered into
by the parties, Ralcorp will commence a tender offer to acquire all
of the outstanding shares of AIPC common stock for $53.00 per share
in cash. After the closing of the proposed transaction, AIPC will
become a wholly-owned subsidiary of Ralcorp. The transaction is
expected to close during Ralcorp’s fourth fiscal quarter ending
September 30, 2010. The investigation concerns possible breaches of
fiduciary duty and other violations of law related to approval of
the transaction by AIPC’s board of directors.
If you own shares of American Italian Pasta Company, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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