Bull & Lifshitz, LLP Announces Investigation of the Acquisition of American Commercial Lines Inc.
22 Octubre 2010 - 9:22AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of American Commercial Lines Inc. (NASDAQ: ACLI - News)
(referred to as "ACL" or the “Company”) by an affiliate of Platinum
Equity, in a cash transaction with an enterprise value of
approximately $777 million.
Under the terms of the agreement, ACL stockholders, other than
GVI Holdings, Inc. and certain of its affiliates ("GVI"), will
receive $33.00 in cash for each share of ACL common stock they
hold. GVI 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 has entered into a Voting
Agreement to support the transaction.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of ACL stock and want to discuss your legal
rights, you may e-mail or call Bull & Lifshitz, LLP who will,
without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of ACL and would like more information
about our investigation, please contact Joshua M. Lifshitz, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to ACL.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
American Commercial Lines (MM) (NASDAQ:ACLI)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
American Commercial Lines (MM) (NASDAQ:ACLI)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024