Pomerantz Law Firm Investigates Claims on Behalf of Investors of Sealy Corporation
September 27 2012 - 6:21PM
Business Wire
Pomerantz Grossman Hufford Dahlstrom & Gross LLP is
investigating claims on behalf of investors of Sealy Corporation
(“Sealy” or the “Company”) (NYSE: ZZ) (ISIN: US8121393016)
concerning the proposed acquisition of Sealy by Tempur-Pedic
International, Inc. in a transaction valued at approximately $1.3
billion.
The investigation concerns whether the Sealy directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, Sealy shareholders would receive $2.20 in cash per share
of common stock. However, synergies may not be fully reflected in
the price and no further shareholder approval is required.
Sealy shareholders seeking more information about this
acquisition are advised to contact Rebecca Jarmon at
rjarmon@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago and San
Diego, is acknowledged as one of the premier firms in the areas of
corporate, securities, and antitrust class litigation. Founded by
the late Abraham L. Pomerantz, known as the dean of the class
action bar, the Pomerantz Firm pioneered the field of securities
class actions. Today, more than 75 years later, the Pomerantz Firm
continues in the tradition he established, fighting for the rights
of the victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
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