Faruqi & Faruqi, LLP Announces Shareholder Investigation Related Acquisition of American Commercial Lines Inc. - ACLI
03 Noviembre 2010 - 2:47PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of American Commercial Lines Inc. (“American Commercial”
or the “Company”) (NASDAQ: ACLI) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to an affiliate of Platinum Equity. The
proposed transaction offers American Commercial shareholders to
only receive $33.00 per share in cash. According Yahoo! Finance, at
least one financial analyst values American Commercial’s common
stock at $50.00 per share. The transaction is valued at
approximately $777 million and is expected to close before December
31, 2010.
Request more information now by clicking here:
www.faruqilaw.com/ACLI
Whether the American Commercial’s Board of Directors breached
their fiduciary duties to American Commercial’s stockholders by
failing to conduct an adequate and fair sales process to sell the
Company prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues American Commercial’s shares and
by how much this proposed transaction undervalues the Company to
the detriment of American Commercial shareholders are the key focus
of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in American Commercial and wish to
obtain additional information, please visit us at
www.faruqilaw.com/ACLI or contact Juan E. Monteverde, Esq. either
via e-mail at jmonteverde@faruqilaw.com or by telephone at (877)
247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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