Retalix Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to NCR Corporation
28 Noviembre 2012 - 3:34PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Retalix, Ltd. (“Retalix”)
(NasdaqGS: RTLX) to NCR Corporation for shareholders. Under the
proposed deal valued at approximately $650 million, Retalix
shareholders will only receive $30.00 in cash for each share of
Retalix stock owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Retalix sale investigation centers on whether Retalix’s
shareholders are receiving adequate compensation for their shares
in the buyout, whether the transaction undervalues Retalix’s stock,
and whether Retalix’s board attempted to obtain the highest share
price for all shareholders prior to agreeing to the deal. According
to shareholder rights attorney Patrick Powers, “Due to Retalix’s
recent performance, the size of the deal and other factors, we
believe that this transaction may undervalue Retalix stock. Our
lawsuit will seek to obtain the highest share price for all
shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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