Law Office of Brodsky & Smith, LLC Announces Investigation of Cellu Tissue Holdings, Inc.
September 17 2010 - 5:32PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Cellu Tissue Holdings, Inc. (“Cellu” or the “Company”) (NYSE:CLU)
relating to the proposed acquisition by Clearwater Paper
Corporation.
Under the terms of the offer, Cellu shareholders would receive
cash of $12.00 for each share of Cellu stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law. The transaction appears to be
unfair, in part, given that Cellu stock was trading at $10.94 a
share as recently as April 23, 2010 and was trading at $11.90 a
share on January 22, 2010.
If you own shares of Cellu 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, or by calling toll free
877-LEGAL-90.
Canada Life (NYSE:CLU)
Historical Stock Chart
From Jul 2024 to Aug 2024
Canada Life (NYSE:CLU)
Historical Stock Chart
From Aug 2023 to Aug 2024
