TMS INTERNATIONAL INVESTOR ALERT: Levi & Korsinsky Notifies Investors of Claims of Breaches of Fiduciary Duty by Board of TMS...
September 10 2013 - 1:39PM
Marketwired
Levi & Korsinsky notifies investors of TMS International Corp.
("TMS" or the "Company") (NYSE: TMS) of claims of breaches of
fiduciary duty and other violations of state law against the board
of directors of the Company in connection with the sale of the
Company to The Pritzker Organization, LLC. A complaint was filed in
Delaware state court.
Click here to learn more about the case http://zlk.9nl.com/tms-international/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, TMS shareholders will
receive $17.50 for each share of TMS Class A and Class B common
stock they own. The claims concern whether the TMS Board of
Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into this transaction, and whether The Pritzker Organization is
underpaying for TMS shares. In particular, at least one analyst set
a price target for TMS stock at $22.00 per share. TMS shareholders
owning approximately 60% of TMS common stock have already agreed to
tender their shares.
If you own common stock in TMS 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://zlk.9nl.com/tms-international/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey 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.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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