Kendall Law Group Investigates Smurfit-Stone Container Corporation Acquisition for Shareholders
January 24 2011 - 9:30AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Smurfit-Stone Container Corporation (NYSE: SSCC) for
shareholders in connection with the proposed acquisition by
RockTenn. The national securities firm’s investigation seeks to
determine whether Smurfit-Stone and its Board breached their
fiduciary duties by entering into the agreement without properly
shopping for a deal that would provide better value for
shareholders. If you are a Smurfit-Stone shareholder and would like
additional information about your rights, contact the Kendall Law
Group at 877-744-3728 or by email at
skendall@kendalllawgroup.com.
On January 24, 2011, the companies announced the definitive
merger agreement under which Smurfit-Stone would be acquired by
RockTenn, in a transaction valued at approximately $3.5 billion.
Under the terms of the agreement, Smurfit-Stone stockholders will
receive 50% cash and 50% RockTenn (NYSE: RKT) stock valued at $35
per-share of for each share of Smurfit-Stone/SSCC common stock
held. The offer represents a 27% premium to Smurfit-Stone's $27.53
closing stock price on January 21, 2011. The firm seeks to
determine whether the transaction is in the best interest of
Smurfit-Stone shareholders.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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