Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of American Commercial Lines Inc. in Connect...
18 Octubre 2010 - 7:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
American Commercial Lines Inc. (“ACL” or the “Company”)
(NASDAQ:ACLI) related to the Company’s agreement to be acquired by
an affiliate of Platinum Equity. The proposed transaction is valued
at approximately $777 million.
Under the terms of the definitive merger agreement entered into
by the parties, ACL stockholders, other than GVI Holdings, Inc. and
certain of its affiliates (“GVI Holdings”), will receive $33.00 in
cash for each share of ACL common stock they hold. GVI Holdings
will receive $31.25 in cash for each share of ACL common stock it
holds if the transaction closes before December 31, 2010, and
$33.00 per share thereafter. GVI Holdings owns approximately 25% of
ACL’s outstanding common stock and has entered into a voting
agreement to support the transaction. The transaction is expected
to close in the fourth quarter of 2010. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the proposed transaction by ACL’s board of
directors.
If you are a shareholder of ACL, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
American Commercial Lines (MM) (NASDAQ:ACLI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
American Commercial Lines (MM) (NASDAQ:ACLI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about American Commercial Lines (MM) (NASDAQ): 0 recent articles
Más de Law Offices of Howard G. Smith Artículos de Noticias