Law Firm of Goldfarb Branham LLP Investigating Potentially Unfair Buyout of American Commercial Lines Inc.
19 Octubre 2010 - 9:46AM
Business Wire
Goldfarb Branham LLP is investigating whether the Board of
Directors of American Commercial Lines Inc. (NASDAQ: ACLI) breached
its fiduciary duty by agreeing to sell the Company to Platinum
Equity for $777 million. ACLI stockholders will receive $33.00 per
share in this buyout. Investors of the company are encouraged to
contact the firm at 877-583-2855 or hlindley@goldfarbbranham.com to
learn about their rights.
“The price of this merger appears grossly unfair because at
least one analyst set a $50.00 per share price target and ACL stock
has traded as high as $33.40 per share as recently as October 13,
2010,” said securities lawyer Hamilton Lindley. “Our proposed class
action lawsuit seeks to maximize the value and the information for
the ACLI investors, at no cost to the shareholder.”
Goldfarb Branham LLP pursues claims nationwide for shareholders
in unfair buyouts. Lawyers at the firm have significant experience
representing shareholders in over 100 securities cases. If you have
any information about this transaction or questions about your
rights as an American Commercial Lines shareholder contact the firm
at hlindley@goldfarbbranham.com or call 877-583-2855.
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