Bull & Lifshitz, LLP Announces Investigation of The Timberland Company
18 Junio 2011 - 11:47AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of The Timberland Company (NYSE: TBL) ("Timberland") to VF
Corporation in a transaction representing a total enterprise value
of approximately $2 billion net of cash acquired.
Under the terms of the agreement, holders of Timberland’s common
stock at the effective time of the merger will receive $43.00 per
share in cash. Concurrently with the execution of the merger
agreement, Sidney W. Swartz, Chairman of Timberland’s Board of
Directors, Jeffrey B. Swartz, President and Chief Executive Officer
of Timberland, and their affiliates (collectively, the “Supporting
Stockholders”), who collectively control approximately 73.5% of
Timberland’s combined voting power, entered into a Voting Agreement
(the “Voting Agreement”) with VF Corporation. The Voting Agreement
provides that so long as the Voting Agreement has not previously
been terminated in accordance with its terms, the Supporting
Stockholders will deliver a written consent adopting the merger
agreement on July 26, 2011.
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 Timberland 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 Timberland 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 Timberland.
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. © 2011 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.
Timberland A (NYSE:TBL)
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