Law Office of Brodsky & Smith, LLC Announces Investigation of Temple-Inland, Inc.
07 Septiembre 2011 - 10:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Temple-Inland, Inc. (“Temple-Inland” or the “Company”) (NYSE - TIN)
relating to the proposed acquisition by International Paper
Company, Inc (NYSE – IP).
Under the terms of the transaction Temple-Inland shareholders
would receive $32.00 cash for each share Temple-Inland stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Temple-Inland for not acting in the Company’s shareholders' best
interests in connection with the sale process to International
Paper Company. The transaction may undervalue Temple-Inland as
Temple-Inland stock traded at $31.43 as recently as July 15, 2011
and an analyst has set a price target of $37.00 a share for the
Company.
If you own shares of Temple-Inland stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/325-tin-temple-inland-inc.html, or by
calling toll free 877-LEGAL-90.
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