Bull & Lifshitz, LLP Announces Investigation of the Acquisition of RC2 Corporation
March 19 2011 - 10:00AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of RC2 Corporation (NASDAQ: RCRC) (referred to as "RC2"
or the “Company”) by Tomy Company, Ltd. (“Tomy”) through an
all-cash tender offer and second-step merger valued at
approximately $640 million.
Under the terms of the definitive agreement, Tomy, through a
U.S. subsidiary, will make an offer to purchase all outstanding
shares of RC2 common stock for US$27.90 per share. The tender offer
is scheduled to commence in 10 business days from March 10, 2011.
The tender offer is subject to certain customary conditions,
including the tender of a majority of the outstanding shares of
RC2’s common stock on a fully-diluted basis. Following completion
of the tender offer, Tomy will acquire the remaining outstanding
shares of RC2’s common stock for US$27.90 per share through a
second-step merger.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders. If you are a holder of RC2 stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of RC2 and would like more information
about our investigation, please contact Peter D. Bull, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to RC2.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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