The Law Office of Joseph Klein Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Pactiv ...
17 Agosto 2010 - 6:52PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Pactiv Corporation (“Pactiv” or the “Company”) (NYSE:
PTV) for possible breaches of fiduciary duty and other violations
of state law in connection with their attempt to sell the Company
to Reynolds Group Holdings Limited ("Reynolds"). Under the terms of
the deal, Pactiv shareholders will receive $33.25 in cash per share
for a total transaction value of approximately $6.0 billion.
The investigation concerns whether the Pactiv Board of Directors
breached their fiduciary duties to Pactiv stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Reynolds is underpaying for Pactiv shares.
Analysts set a median price target for Pactiv stock at $34.00 per
share with one analyst setting a price target of $35.00 per
share.
If you own common stock in Pactiv and wish to obtain additional
information about this investigation and what is being done to
advance the interests of the shareholders, please contact Joseph
Klein, Esq. directly, via email at jk@jkleinlawfirm.com, by
telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/pactiv-ptv.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation.
CONTACT:Joseph Klein, Esq.1560 East 27th StreetBrooklyn, NY
11229Telephone: (718) 947-0005Fax: (718) 799-1443Toll Free: (877)
STOK-180 (877-786-5180)
E-Mail: jk@jkleinlawfirm.comThe Web: www.jkleinlawfirm.com
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