Law Firm Brower Piven Announces Investigation of TMS International Corp. Going Private Transaction
26 Agosto 2013 - 11:24AM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of TMS International
Corp. (“TMS” or the “Company”) (NYSE: TMS) and other violations of
state law by the board of directors of TMS relating to the proposed
going private transaction of the Company by The Pritzker
Organization, LLC. The firm’s investigation seeks to determine,
among other things, whether the board of directors of TMS breached
their fiduciary duties by failing to maximize shareholder
value.
According to the press release announcing the proposed
transaction, TMS shareholders will receive $17.50 per share in cash
for each share of TMS common stock they own. According to Yahoo!
Finance, the high analyst price target is $22.00 and the mean price
target is $18.50 per TMS share.
According to the press release announcing the proposed
transaction, Onex Corporation and certain of its affiliates, the
holders of approximately 60% of the outstanding shares of TMS
common stock, have already agreed to approve the merger and no
additional stockholder action is required.
If you currently own common stock of TMS and would like to learn
more about the investigation being conducted by Brower Piven, you
may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
Brower Piven, A Professional CorporationStevenson,
MarylandCharles J. Piven, 410-415-6616hoffman@browerpiven.com
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