Finkelstein Thompson LLP Announces Investigation of American Commercial Lines Inc.
19 Octubre 2010 - 2:37PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of American Commercial Lines Inc. (“ACLI” or
the “Company”) (Nasdaq: ACLI) concerning the sale of the Company to
an affiliate of Platinum Equity for $33.00 in cash for each share
of common stock owned in a transaction valued at approximately $777
million. The transaction is expected to close in the fourth quarter
of 2010.
The investigation is focused on the potential unfairness of the
consideration to ACLI shareholders, the process by which the Board
of Directors considered the transaction, and potential conflicts of
interests among ACLI Board members. Shares of the Company’s stock
closed at $33.31 on October 15, 2010, the last day of trading prior
to the announcement of the transaction, and after the announcement
the share price closed at $34.10 – over a dollar more than the
price offered in the transaction. Moreover, according to Yahoo!
Finance, at least one analyst has set a price target of $50 for the
Company’s shares.
If you are interested in discussing your rights as an ACLI
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
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