NEW YORK, Dec. 10, 2013 /PRNewswire/ -- Tripp Levy
PLLC, a leading securities and shareholder rights law firm that
represents shareholders throughout the nation, is investigating the
Board of Directors of Trunkbow International Holdings, Ltd.
("Trunkbow" or the "Company") (TBOW) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to Trunkbow Merger Group Limited, a company
owned by Dr. Wanchun Hou, Chairman
of the Trunkbow Board of Directors, and Mr. Qiang Li, Chief
Executive Officer and Director.
Under the terms of transaction, Trunkbow shareholders will
receive $1.46 in cash for each share
of Trunkbow stock they own. The investigation concerns whether
Wanchun and Qiang are taking advantage of their positions within
the Company to purchase Trunkbow at an unfair price for their own
self-interests and in violation of their fiduciary duties to
shareholders, who otherwise would not receive the fair true
inherent value of the company. Indeed, Trunkbow has a book
value of $2.70 per share for the most
recent quarter.
If you own Trunkbow common stock and wish to obtain additional
information about the acquisition of Trunkbow and how it may affect
your rights as a shareholder, at no cost or expense, please contact
us at:
Tripp Levy PLLC
New York, New York
Toll Free: 1-877-772-3975
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC has extensive experience in mergers and
takeovers and has assisted in the recovery of hundreds of millions
of dollars for shareholders. Attorney advertising.
Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC