Law Office of Brodsky & Smith, LLC Announces Investigation of American Commercial Lines, Inc.
19 Octubre 2010 - 4:47PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors
American Commercial Lines, Inc. (“American Commercial” or the
“Company”) (Nasdaq:ACLI) relating to the proposed acquisition by an
affiliate of Platinum Equity (“Platinum”).
Under the terms of the offer, American Commercial shareholders
would receive cash of $33.00 for each share of American Commercial
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law. The transaction
appears to be unfair, in part, given that the offer represents no
premium over the $33.18 a share American Commercial stock traded at
as recently as October 13, 2010 and an analyst set a price target
for American Commercial at $50.00 per share. Thus, shareholders
need additional information to know if the Board of Directors
breached their fiduciary duties by failing to adequately shop the
Company, which has resulted in Platinum underpaying for the
company.
If you own shares of American Commercial Lines, Inc. and wish to
discuss the legal ramifications of the proposed transaction, or
have any questions, you may e-mail or call the law office of
Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/239-acli-american-commercial-lines-inc.html,
or by calling toll free 877-LEGAL-90.
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